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 $166,750 $150,080 Work in process 113,390 102,050 Finished goods 86,710 100,550 Direct labor $300,150 320,160 Materials purchased during January Factory overhead incurred during January: Indirect labor 32,020 Machinery depreciation 19,340 Heat, light, and power Supplies 6,670 5,340 4,670 8,670 Property taxes 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 materials inventory, January 31 Cost of goods manufactured .. Determine the cost of goods sold for January