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 $137,250 $120,780 90,590 79,710 Work in process Finished goods 71,370 80,920 Direct labor $247,050 263,520 Materials purchased during January Factory overhead incurred during January: Indirect labor 26,350 15,920 5,490 Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs 4,390 3,840 7,140 ebook Me HOW alculator Work in process inventory, January 1 90,590 Direct materials: Materials inventory, January 1 137,250 Purchases Cost of materials available for use Materials inventory, January 31 120,780 Cost of direct materials used in production Direct labor 247,050 Factory overhead: Indirect labor 26,350 Machinery depreciation 15,920 Heat, light, and power 5,490 Supplies 4,390 Property taxes 3,840 Miscellaneous costs 7.140 Total factory overhead 63,130 Total manufacturing costs incurred during January Total manufacturing costs Work in process inventory, January 31