In January 2012, Sayers Manufacturing incurred the following costs in manufacturing Detecto, its only product:

An analysis of the accounting records showed the following balances in the inventory accounts at the beginning and end of January:
.....................................January 1 ................January 31
Direct materials ......................80,000 .....................90,000
Work in process .....................110,000..................... 74,600
Finished goods ........................95,000................... 108,000
Sayers treats overtime premiums and benefits as indirect costs.
Instructions
(a) Determine the cost of goods manufactured for January 2012.
(b) Calculate the cost of goods sold for January 2012?

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Direct materials purchased Direct labour incurred Benefits Overtime premium Supervisory salaries $900,000 Utility expenses 710,000 Depreciation (equipment) 75,000 Supplies (factory) 50,000 Factory rent 125,000 92,500 2,800 10,000 31,300