Inventories Materials Work in process Finished goods Direct labor Materials purchased during March Factory overhead incurred during March: Indirect labor 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 Work in process inventory, March 1 Direct materials: Materials inventory, March 1 Purchases Cost of materials available for use Materials inventory, March 31 For the Month Ended March 31 Cost of direct materials used in production Direct labor 212,400 2,696,670 $ 2,909,070 195,300 $ 4,364,900 x 3,540,000 Factory overhead: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs Total factory overhead 323,650 212,400 177,000 35,290 30,340 46,220 824,900 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. 440,880 516,220 622,920 X March 1 March 31 $212,400 $195,300 440,880 516,220 592,900 622,920 $3,540,000 2,696,670 323,650 212,400 177,000 35,290 30,340 46,220