Cost of Goods Manufactured for a Manufacturing Company The following Information is available for O'Neal Manufacturing Company for the month ending January 31, 2016: Cost of direct materials used in production $123, 300 Direct labor 148,000 Work In process inventory, January 1 55, 500 Work In process inventory, January 31 75, 200 Total factory overhead 67, 800 Determine O'Neal's cost of goods manufactured for the month ended January 31, 2016