Statement of cost of goods manufactured for a manufacturing company Obj. Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows:.
Inventories March 1 March 31
Materials $210,000 $193,100
Work in process 435,900 510,400
Finished goods 586,200 615,900
Direct labor $3,500,000
Materials purchased during March 2,666,200
Factory overhead incurred during March:
Indirect labor 320,000
Machinery depreciation 210,000
Heat, light, and power 175,000
Supplies 34,900
Property taxes 30,000
Miscellaneous costs 45,700
a. Prepare a cost of goods manufactured statement for March.
b. Determine the cost of goods sold for March.

Exercise 6-2 variable costing income statement; explanation of difference in net operating income [lo6-2] ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $970. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 200 units sold 180 units in ending inventory 20 variable costs per unit: direct materials $ 130 direct labor $ 300 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 63,000 fixed selling and administrative $ 25,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 174,600 cost of goods sold 139,500 gross margin 35,100 selling and administrative expense 27,700 net operating income $ 7,400 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing.