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 $49,000 for 1,800 hours worked. 2. Direct materlals costing $28,000 and Indirect materlals costing $3,800 were purchased. 3. Sales commissions of $16,000 were earned by the sales force. 4. Direct materlals of $26,000 were used in production. 5. Miscellaneous selling and administrative costs of $6,300 were incurred. 6. Factory supervisors eamed salarles of $11,839. 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 $5,405 were Incurred in the factory. 10. Completed units with manufacturing costs of $69,000 were transferred to finished 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 $88,069 were sold for $160,126. 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 Irvertory 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