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 $146,500 $131,850 Work in process 98,160 88,340 Finished goods 74,720 88,340 Direct labor $263,700 Materials purchased during January 281,280 Factory overhead incurred during January: Indirect labor 28,130 Machinery depreciation 16,990 Heat, light, and power 5,860 Supplies 4,690 Property taxes 4,100 Miscellaneous costs 7,620 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 I 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 Loss work in process inventory, January 31 Cost of goods manufactured pill Feedback Check My Work Miscellaneous costs o 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 Wor a. Add the beginning materials and purchases and subtract the ending materials. Add direct labor and factory overhead. This will give total manufacturing costs Then, add the total manufacturing costs to the beginning work in process and subtract the ending work in process b. Determine the cost of goods sold for January Feedback Check My Word b. Add the cost of goods manufactured from (a) to the beginning finished goods Subtract the ending finished goods Feedback Check My Wor Partially correct