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 $207,600 $190,890 Work in process 430, 920 504, 560 Finished goods 579,510 608,850 Direct labor $3,460,000 Materials purchased during March 2, 635, 720 Factory overhead incurred during March: Indirect labor 316, 340 Machinery depreciation 207, 600 Heat, light, and power 173,000 Supplies 34, 500 Property taxes 29, 650 Miscellaneous costs 45, 180 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 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 Determine the cost of goods sold for March. Round your answer to the nearest dollar. $fill in the blank 34 Check My Work
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 $207,600 $190,890 Work in process 430, 920 504, 560 Finished goods 579,510 608,850 Direct labor $3,460,000 Materials purchased during March 2, 635, 720 Factory overhead incurred during March: Indirect labor 316, 340 Machinery depreciation 207, 600 Heat, light, and power 173,000 Supplies 34, 500 Property taxes 29, 650 Miscellaneous costs 45, 180 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 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 Determine the cost of goods sold for March. Round your answer to the nearest dollar. $fill in the blank 34 Check My Work
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text: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 $207,600 $190,890 Work in process 430, 920 504, 560 Finished goods 579,510 608,850 Direct
labor $3,460,000 Materials purchased during March 2, 635, 720 Factory overhead incurred during March:
Indirect labor 316, 340 Machinery depreciation 207, 600 Heat, light, and power 173,000 Supplies 34, 500
Property taxes 29, 650 Miscellaneous costs 45, 180 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 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 Determine the cost of goods sold for March. Round your answer to the nearest dollar. $fill in
the blank 34 Check My Work
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