K Renka's Heaters' selected data for January 2020 are presented here (in millions): (Click the icon to view the data.) Read the requirements Total manufacturing overhead costs (495) 745 Direct manufacturing labor costs for January Requirement 4. Calculate the cost of work-in-process inventory, January 31, 2020. Work-in-process inventory 1/1/2020 Total manufacturing costs incurred 220 1,630 Work-in-process available for production 1,850 (1.680) Work-in-process inventory 1/31/2020 170 Cost of goods manufactured Data table Direct materials Inventory, January 1, 2020 S 95 Direct materials purchased 330 Direct materials used 300 Total manufacturing overhead costs 495 Variable manufacturing overhead costs 256 Total manufacturing costs incurred during January 2020 Work-in-process inventory, January 1, 2020 1,630 220 Cost of goods manufactured Finished goods inventory, January 1, 2020 1.600 120 1,730 Requirement 5. Calculate the cost of finished goods available for sale in January 2020 Cost of goods manufactured Finished goods inventory 1/1/2020 1,680 120 1,800 Finished goods available for sale in January Cost of goods sold Requirement 6. Calculate the cost of finished goods inventory, January 31, 2020 Finished goods inventory 1/31/2020 ext pages Calculator Print Done Clear all Check answer