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 $207,250 $180,310 Work in process 143,000 124,410 Finished goods 105,700 120,810 Direct labor $373,050 Materials purchased during March 397,920 Factory overhead incurred during March: Indirect labor 39,790 Machinery depreciation 24,040 Heat, light, and power 8,290 Supplies 6,630 Property taxes 5,800 Miscellaneous costs 10,780 a. Prepare a cost of goods manufactured statement for March.