ost of Goods Manufactured for a Manufacturing Company The following information is available for Ethtridge Manufacturing Company for the month ending January 31, 2016: Cost of direct materials used in production $390,000 Direct labor 336,000 Work in process inventory, January 1 162,000 Work in process inventory, January 31 170,400 Total factory overhead 234,000 Determine Ethtridge's cost of goods manufactured for the month ended January 31, 2016. Ethtridge Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended January 31, 2016 Work in process inventory, January 1, 2016 $ Add manufacturing costs incurred during January: Cost of direct materials used in production $ Work in process inventory, January 1, 2016 Work in process inventory, January 31, 2016 Total manufacturing costs incurred Total manufacturing costs $ Less factory overhead Cost of goods manufactured $