In January 2015, Sayers Manufacturing incurred the following costs in manufac- turing Detecto, its only product: Direct materials purchased $900,000 Utility expenses $ 92,500 Direct labour incurred 710,000 Amortization (equipment) 2,800 Benefits 75,000 Supplies (factory) 10,000 Overtime premium 50,000 Factory rent 31,300 Supervisory salaries 125,000 An analysis of the accounting records showed the following balances in the inventory accounts at the beginning and end of January: January 1 January 31 Direct materials $ 80,000 $ 90,000 Work in process 110,000 74,600 Finished goods 95,000 108,000 Sayers treats overtime premiums and benefits as indirect costs. ssssssssss Instructions (a) Determine the cost of goods manufactured for January 2015. (b) What was the cost of goods sold for January 2015

In January 2015, Sayers Manufacturing incurred the following costs in manufacturins Deterto its onlv product: An analysis of the accounting records showed the following balances in the inventory accounts at the beginning and end of January: Sayers treats overtime premiums and benefits as indirect costs. sSSSSSSSSS Instructions (a) Determine the cost of goods manufactured for January 2015. (b) What was the cost of goods sold for January 2015