Jensen Manufacturing Company makes specialty tools. In January, Jensen incurs manufacturing costs of $$13,000,000$ for direct materials, direct labor, and overhead. $20\%$ of the total costs represents overhead applied. The overhead rate is $$1$ for every $$2$ of direct labor costs incurred. Inventory balances were:

January $1$ January $31$

Raw materials $$300,000$ $$500,000$

Work in process $600,000400,000$

Finished goods $400,000200,000$

At the end of January, there was $$1,000$ of overapplied overhead.

Instructions

$($a$)$ Determine the cost of raw materials purchased in January.

$($b$)$ Prepare a cost of goods manufactured schedule for January $2017.$

$($c$)$ Compute the cost of goods sold for January.

Please show all the parts for part $($b$)$