Exercise 16.6 (Algo) Flow of Costs through Manufacturing Accounts (LO16-3, LO16-4, LO16-5) Lind Menufacturing had the following actount batances as of January 1 During the mochtr of Jatuary, at af the folowing occuried. 2. Divect laber conts were $46,000 for 5800 hours worked 2. Direct materials costing $25,000 and indirect materiabi costing $4,400 were purchased 3. Sules commiswions of $17,000 whe earned by the sales force 4 . Oirect materials of $25,000 whie uned in production. 5. Mascelaneous seling and adminiteative conts of 16,300 were incurred 7. Indind laber costs for the monet weve $3,000 8. Monthly depreciation on factory equipment was $4.500 10. Completed unis widi manufacturing costs of $62000 were tanaferred to finished goods 11. Montly misance couts for the fictory were $4.200. 12. Montwy propety taups ant the tactory of $5,000 were incurred and paid. 12. Units with mathufacturing cosis of $982283 were sold for $17i,696. Recuired: Goods imentory accountis at the end of janiary? b. As of dasuay 31 , what wal be the baiance in the Manufactiaing Overhead account? C. What was thas coerating income for daruaby