Statement of Cost of Goods Manufactured for a Manufacturing Company

Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows:

Inventories	January 1		January 31
Materials	$167,250		$147,180
Work in process	113,730		100,080
Finished goods	85,300		100,080

Direct labor		$301,050
Materials purchased during January		321,120
Factory overhead incurred during January:
	Indirect labor	32,110
	Machinery depreciation	19,400
	Heat, light, and power	6,690
	Supplies	5,350
	Property taxes	4,680
	Miscellaneous costs	8,700

a. Prepare a cost of goods manufactured statement for January.

Sandusky Manufacturing Company
Statement of Cost of Goods Manufactured
For the Month Ended January 31
			$
Direct materials:
	$
	$
		$
Factory overhead:
	$
Total factory overhead
Total manufacturing costs incurred during January
Total manufacturing costs			$
Cost of goods manufactured			$

b. Determine the cost of goods sold for January. $