Compare the actual cost of goods sold over the last month and evaluate the company's performance against the budgeted benchmarks. Are the numbers close to what you expected? Interpret the performance and explain what happened.]

Beginning Work in Process Inventory		$ -
Direct Materials:
Materials: Beginning	0
Add: Purchases for month of January	$ 20,000	FROM THE APPENDIX
Materials available for use	20,000	FROM THE APPENDIX
Deduct: Ending materials	4,000	80% OF 20000
Materials Used		16,000
Direct Labor		8,493
Overhead		3,765
Total Costs		$ 28,258
Deduct: Ending Work in Process Inventory		0
Cost of Goods Sold		$ 28,258