Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows:
Inventories March 1 March 31
Materials $226,800 $208,540
Work in process 470,770 551,210
Finished goods 633,100 665,150
Direct labor $3,780,000
Materials purchased during March 2,879,490
Factory overhead incurred during March:
Indirect labor 345,600
Machinery depreciation 226,800
Heat, light, and power 189,000
Supplies 37,690
Property taxes 32,390
Miscellaneous costs 49,360
Determine the cost of goods sold for March. Round your answer to the nearest dollar.
Inventories March 1 March 31
Materials $226,800 $208,540
Work in process 470,770 551,210
Finished goods 633,100 665,150
Direct labor $3,780,000
Materials purchased during March 2,879,490
Factory overhead incurred during March:
Indirect labor 345,600
Machinery depreciation 226,800
Heat, light, and power 189,000
Supplies 37,690
Property taxes 32,390
Miscellaneous costs 49,360
Determine the cost of goods sold for March. Round your answer to the nearest dollar.
