Direct Material Lake Company recorded the following data for the month of January 20xx: Inventories January 1, 20xx January 31, 20xx $24,000 $23,000 Work in Process 18,000 15,000 Finished Goods 22,000 27,000 Additional Data: Net Sales Revenue $325,000 Direct Labour Costs 40,000 Indirect Labour Costs 45,000 Sales Commissions 15,000 Administrative Expenses 18,000 Direct Materials Purchased during January 30,000 Depreciation, factory 10,000 Factory Maintenance and Supplies 8,000 Utilities, (80% factory, 20% office) 25,000 General Office Salaries 12,000 Required: Compute the cost of Goods Manufactured