Q.2 (2 Marks): The manufacturing operations of Abu Dhabi, Inc. had the following balances for the month of January: January 1 January 31 Raw materials $12,000 $13,000 Work in process 21,000 23,000 Finished goods 14,000 12,000 Abu Dhabi transferred $270,000 of completed goods out of work in process during January. Instructions Compute the cost of goods sold for January