Current Attempt in Progress The manufacturing operations of Cullumber, Inc. had the following balances for the month of January: Inventories January 1 January 31 Raw Materials $12,720 $13,780 Work in Process 22,260 24,380 Finished Goods 14,840 16,960 Cullumber transferred $307,400 of completed goods out of Work in Process Inventory during January. Compute the cost of goods sold. Cost of goods sold $ eTextbook and Media