Business, 09.03.2020 18:22 22moneymorgan

Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows:

Inventories March 1 March 31
Materials $214,800 $197,510
Work in process 445,860 522,060
Finished goods 599,600 629,970
Direct labor $3,580,000
Materials purchased during March 2,727,140
Factory overhead incurred during March:
Indirect labor 327,310
Machinery depreciation 214,800
Heat, light, and power 179,000
Supplies 35,690
Property taxes 30,680
Miscellaneous costs 46,750

1. Prepare a cost of goods manufactured statement for March. Round your answers to the nearest dollar.

Johnstone Manufacturing Company
Statement of Cost of Goods Manufactured
For the Month Ended March 31
Work in process inventory, March 1 $
Direct materials:
Materials inventory, March 1 $
Purchases
Cost of materials available for use $
Materials inventory, March 31
Cost of direct materials used in production $
Direct labor
Factory overhead:
Indirect labor $
Machinery depreciation
Heat, light, and power
Supplies
Property taxes
Miscellaneous costs
Total factory overhead
Total manufacturing costs incurred during March
Total manufacturing costs $
Work in process inventory, March 31
Cost of goods manufactured $
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Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows:

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