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 $154,750 $134,630 Work in process 105,230 91,550 Finished goods 78,920 90,200 Direct labor $278,550 Materials purchased during January 297,120 Factory overhead incurred during January: Indirect labor 29,710 Machinery depreciation 17,950 Heat, light, and power 6,190 Supplies 4,950 Property taxes 4,330 Miscellaneous costs 8,050 a. Prepare a cost of goods manufactured statement for January.