Crane Manufacturing Company makes specialty tools. In January, Crane incurs manufacturing costs of $16,380,000 for direct material, direct labor, and overhead. 20% of the total costs represents overhead applied. The overhead rate is $1 for every $2 of direct labor costs incurred. Inventory balances were: At the end of January, there was $1,260 of overapplied overhead. (a) Determine the cost of raw materials purchased in January. Prepare a cost of goods manufactured schedule for January 2019. Compute the cost of goods sold for January. Cost of goods sold Click if you would like to Show Work for this