$1.$ Information for the ABC Company for the month of January is as follows:

Beginning Ending

Raw materials inventory $$8,000$ $$8,700$

Work$-$in$-$process inventory $2,1003,200$

Finished goods inventory $5,0005,700$

January Activity

Direct materials purchases $$18,000$

Manufacturing overhead $15,000$

Direct labor $10,000$

Sales $55,300$

Selling and administrative expenses $6,300$

Required: Prepare a statement of cost of goods manufactured and an income

statement for the month of January