Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Disksan Manufacturing Company for the month ended January 31 are as follows: Inventories January 1 January 31 Materials $227,750 $195,870 Work in process 157,150 135,150 Finished goods 118,430 133,190 $409,950 43,730 26,420 9,110 11,840 Direct labor Materials purchased during January 437,280 Factory overhead incurred during January: Indirect labor Machinery depreciation Heat, light, and power Supplies 7,290 Property taxes 6,380 Miscellaneous costs a. Prepare a cost of goods manufactured statement for January. Disksan Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended January 31 Work in process inventory, January 1 Direct materials: Materials inventory, January 1 Purchases Cost of materials available for use Less materials inventory, January 31 Cost of direct materials used Direct labor Factory overhead: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs Total factory overhead Total manufacturing costs incurred during January Total manufacturing costs Less work in process inventory, January 31 Cost of goods manufactured Feedback Check My Work b. Determine the cost of goods sold for January