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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: 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 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 Direct labor Factory overhead: Indirect labor Machinery depreciation Heat, llaht, and oower Supplies Property taxes Miscellaneous costs Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs Work in process inventery, March 31 107,760 159,290 Feedbsck Check My Work a. Add the beginning materials and purchases and subtract the ending materials inventory. Add direct labor and factory overhead. This will give total manufacturing costs. Then, add the total manufacturing costs to the beginning work in process inventory and subtract the ending work in process inventory. b. Determine the cost of goods sold for March. Feedback rohock My Work b. Add the cost of goods manufactured from (a) to the beginning finished goods inventory. Subtract the ending finished goods inventory

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