1 of 5 VIEW FVRILIES Current Attempt in Progress The manufacturing operations of Sunland, Inc. had the following inventory balances for the month of January: January 1 January 31 Raw Materials $13,920 $15,080 Work in Process 24,360 26,680 Finished Goods 16,240 13,920 Sunland transferred $313,200 of completed goods out of Work in Process Inventory during January. Compute the cost of goods sold for January. Cost of goods sold $ -12