Marginset Inc is working on calculating cost information for January.

The beginning and ending inventories for the month of January are:

$1-$Jan $31-$Jan

Direct Materials $$123,000$ $$145,000$

Work in Process $$145,000$ $$158,000$

Finished Goods $$98,000$ $$87,000$

Production data for the month of January follows:

Direct labor $$315,260$

Manufacturing overhead $$265,500$

Direct materials purchased $$293,000$

Using the above information answer the following questions:

$1.$ What was the amount of direct materials added to production during the month?

$2.$ What was the total amount of manufacturing cost added to production during the month?

$3.$ What was the amount of cost of goods manufactured?

$4.$ What was the amount of cost of goods sold?