Exerclse 16.6 (Algo) Flow of Costs through Manufacturing Accounts (LO16.3, LO16.4, LO16.5) Lind Manufacturling had the following account balances as of January 1. Durling the month of January, all of the following occurred. 1. Direct labor costs were $42,000 for 1,800 hours worked. 2. Direct materlals costing $25,000 and Indirect materlals costing $4,700 were purchased. 3. Sales commissions of $17,500 were eamed by the sales force. 4. Direct materlals of $24,000 were used in productlon. 5. Miscellaneous selling and administrative costs of $6,300 were incurred. 6. Factory supervisors earned salarles of $11,986. 7. Other Indirect labor costs for the month were $3,000. 8. Monthly depreclatlon on factory equipment was $4,500. 9. Monthly utilitles expenses of $7,295 were Incurred in the factory. 10. Completed units with manufacturing costs of $69,000 were transferred to finlshed goods. 11. Monthly insurance costs for the factory were $4,200. 12. Monthly property taxes on the factory of $5,000 were Incurred and paid. 13. Units with manufacturing costs of $92752 were sold for $168,640. Required: a. If Lind assigns manufacturing overhead of $34,400, what will be the balances in the Direct Materlals, Work In Process, and Finished Goods Inventory accounts at the end of January? b. As of January 31 , what will be the balance in the Manufacturing Overhead account? c. What was Lind's operating income for January