Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows: Inventories January 31 Materials $276,800 January 1 $314,000 216,000 163,200 Work in process 239,800 Finished goods 189,000 Direct labor January 31 $567,000 606,600 Materials purchased during the month Factory overhead incurred during the month: Indirect labor 60,520 Instructions 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 Required: a. 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. b. Determine the cost of goods sold for January Instructions Statement of Cost of Goods Manufactured Shaded cells have feedback. X Statement of Cost of Goods Manufactured For the Month Ended January 31 Work in process inventory, January 1 Direct materials: Materials inventory, January 1 $314,000.00 606,600.00 Purchases $920,600.00 Cost of materials available for use Materials inventory, January 31 Cost of direct materials used in production 276,800.00 $643,800.00 Direct labor 567,000.00 Cost of Goods Sold Shaded cells have feedback. 15 16,460.00 ON b. Determine the cost of goods sold for January. 7 Td $88,680 X 8 To 9 W Points: 0/1 Feedback Check My Work Add the cost of goods manufactured from Requirement A to the beginning finished goods inventory. Subtract the ending finished goods