Answer Happy

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:
Materials Work in process Finished goods Direct labor Materials purchased during March Factory overhead incurred during March: Indirect labor andme Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. 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: 198,000 ✓ Materials inventory, March 1 ✓ Purchases ✓ 2,513,840 ✓ Cost of materials available for use ✔ $ 2,711,840 ✓ Materials inventory, March 31 182,060 ✔ Cost of direct materials used in production Direct labor ✓ Factory overhead: 301,710 ✓ 198,000 ✓ Indirect labor ✓ Machinery depreciation Heat, light, and power Supplies ✓ Property taxes 165,000 ✓ 32,900 ✔ 28,280 ✓ 43,090 ✔ Miscellaneous costs ✓ Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs Work in process inventory, March 31 Cost of goods manufactured b. Determine the cost of goods sold for March. Round your answer to the nearest dollar. $ 7,462,990 X Check My Work ✓ 2,529,780 ✔ 3,300,000 ✓ 768,980 ✔ $ 410,990 ✓ 6,598,760 $7,009,750 ✓ 481,220 ✓✔ $ 7,490,970 X $198,000 410,990 552,710 $182,060 481,220 580,690 $3,300,000 2,513,840 301,710 198,000 165,000 32,900 28,280 43,090