ASSIGNMENT

1. 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		$220,800			$203,030
Work in process		458,310			536,650
Finished goods		616,350			647,570
Direct labor					$3,680,000
Materials purchased during March					2,803,310
Factory overhead incurred during March:
Indirect labor					336,450
Machinery depreciation					220,800
Heat, light, and power					184,000
Supplies					36,690
Property taxes					31,540
Miscellaneous costs					48,050

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

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
					$	fill in the blank 3
Direct materials:
	$	fill in the blank 5
		fill in the blank 7
	$	fill in the blank 9
		fill in the blank 11
			$	fill in the blank 13
				fill in the blank 15
Factory overhead:
	$	fill in the blank 17
		fill in the blank 19
		fill in the blank 21
		fill in the blank 23
		fill in the blank 25
		fill in the blank 27
Total factory overhead				fill in the blank 28
Total manufacturing costs incurred during March						fill in the blank 29
Total manufacturing costs					$	fill in the blank 30
						fill in the blank 32
Cost of goods manufactured					$	fill in the blank 33

1. Determine the cost of goods sold for March. Round your answer to the nearest dollar.

$fill in the blank 34