Lake Company recorded the following data for the month of January 20xx: Inventories Direct Material Work in Process Finished Goods January 1, 20xx $24,000 18,000 22,000 January 31, 20xx $23,000 15,000 27,000 Additional Data: Net Sales Revenue Direct Labour Costs Indirect Labour Costs Sales Commissions Administrative Expenses Direct Materials Purchased during January Depreciation, factory Factory Maintenance and Supplies Utilities, (80% factory , 20% office) General Office Salaries $325,000 40,000 45,000 15,000 18,000 30,000 10,000 8,000 25,000 12,000 Required: a) Compute the amount of direct materials used in January b) List and total the Manufacturing Overhead costs for the month of January. c) Compute the Cost of Goods Manufactured