EX 18-16 Statement of cost of goods manufactured for a manufacturing company OBJ. 4 Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows: Inventories Materials Work in process Finished goods January 1 $180,000 334,600 675,000 January 31 $145,500 290,700 715,000 Continued) 18 Introduction to Managerial Accounting Direct labor Materials purchased during January Factory overhead incurred during January: $2,260,000 1,375,000 Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs 115,000 90,000 55,000 18,500 10,000 33,100 a. Prepare a cost of goods manufactured statement for January b. Determine the cost of goods sold for January