Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Materials $130,000 $115,700 Work in process 88,400 78,680 Finished goods 67,600 78,680 Direct labor $234,000 Materials purchased during March 249,600 Factory overhead incurred during March: Indirect labor 24,960 Machinery depreciation 15,080 Heat, light, and power 5,200 Supplies 4,160 Property taxes 3,640 Miscellaneous costs 6,760 a. Prepare a cost of goods manufactured statement for March. Johnstone Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 $ Direct materials: $ $ $ Factory overhead: $ Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs $ Cost of goods manufactured $ b. Determine the cost of goods sold for March. $