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Business, 04.10.2020 07:01 ninjaerik4

Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Materials $167,500 $149,080 Work in process 112,230 99,880 Finished goods 85,430 99,880 Direct labor $301,500 Materials purchased during March 321,600 Factory overhead incurred during March: Indirect labor 32,160 Machinery depreciation 19,430 Heat, light, and power 6,700 Supplies 5,360 Property taxes 4,690 Miscellaneous costs 8,710 a. Prepare a cost of goods manufactured statement for March.

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