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 $221,750 $192,920 Work in process 148,570 129,260 Finished goods 113,090 129,260 Direct labor $399,150 425,760 Materials purchased during January Factory overhead incurred during January: Indirect labor 42,580 25,720 Machinery depreciation Heat, light, and power Supplies 8,870 7,100 Property taxes 6,210 Miscellaneous costs 11,530 a. are a cost of goods manufactured statement for January. Sandusky Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended January 31 Work in process inventory, January 1 148,570 Direct materials: Materials inventory, January 1 221,750 Purchases 425,760 Cost of materials available for use 647,510 Materials inventory, January 31 192,920 Cost of direct materials used in production Direct labor 399,150 Factory overhead: Indirect labor Machinery depreciation Qull Heat, light, and power Supplies Property taxes Miscellaneous costs Total factory overhead Total manufacturing costs incurred during January Total manufacturing costs Work in process inventory, January 31 Cost of goods manufactured Feedback Check My Work b. Determine the cost of goods sold for January