1. Prepare a cost of goods manufactured statement for January. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

2. Determine the cost of goods sold for January.

Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows:

Inventories	January 1	January 31
Materials	$314,000	$276,800
Work in process	216,000	239,800
Finished goods	163,200	189,000

	January 31
Direct labor	$567,000
Materials purchased during the month	606,600
Factory overhead incurred during the month:
Indirect labor	60,520
Machinery depreciation	32,000
Heat, light, and power	12,200
Supplies	8,220
Property taxes	8,880
Miscellaneous costs	16,460