In January 2020, Sayers Manufacturing incurred the following costs in manufacturing Detecto, its only product: Direct materials purchased $900,000 Direct labour incurred 710,000 Benefits 75,000 Overtime premium 50,000 Supervisory salaries 125,000 Utility expenses 92,500 Depreciation (equipment) 2,800 Supplies (factory) 10,000 Factory rent 31,300 An analysis of the accounting records showed the following balances in the inventory accounts at the beginning and end of January: Direct materials Work in process Finished goods January 1 January 31 $80,000 $90,000 110,000 74,600 95,000 108,000 Sayers treats overtime premiums and benefits as indirect costs. Determine the cost of goods manufactured for January 2020. Cost of goods manufactured Determine the cost of goods manufactured for January 2020. Cost of goods manufactured $ e Textbook and Media Calculate the cost of goods sold for January 2020. Cost of goods sold $ e Textbook and Media