2. Lake Company recorded the following data for the month of January 20xx:

Inventories	January 1, 20xx	January 31, 20xx
Direct Material	$24,000	$23,000
Work in Process	18,000	15,000
Finished Goods	22,000	27,000

Additional Data:

Net Sales Revenue	$325,000
Direct Labour Costs	40,000
Indirect Labour Costs	45,000
Sales Commissions	15,000
Administrative Expenses	18,000
Direct Materials Purchased during January	30,000
Depreciation, factory	10,000
Factory Maintenance and Supplies	8,000
Utilities, (80% factory , 20% office)	25,000
General Office Salaries	12,000

Required: a) Compute the amount of direct materials used in January. b) List and total the Manufacturing Overhead costs for the month of January. c) Compute the Cost of Goods Manufactured.