Dedicated Pet People Spa & Salon MILESTONE 3 - Statement of Cost of Goods Manufactured INSTRUCTIONS: The following are the actual numbers for January: Materials Purchased $5,000 of Materials Consumed 40%% of those purchased materials Direct Labor Direct Labor was $6,240 Factory Overhead Factory Overhead was $2,800 Dedicated Pet People Spa & Salon Statement of Cost of Goods Manufactured For the Month Ended January 31, xxxx Beginning Work in Process Inventory Direct Materials: Materials - Beginning 5,000.00 Add: Purchases for month of January 3,000 Materials Available for Use Deduct: Ending Materials Materials Used in Production 20,000.00 Direct Labor 6,240 Factory Overhead 2,800 Total Manufacturing Overhead 9.040.00 Deduct: Ending Work in Process Inventory 3,000 Cost of Goods Manufactured 11,040