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 $162,250 $139,540 Work in process 107,090 92,100 Finished goods 82,750 93,490 Direct labor Materials purchased during January Factory overhead incurred during January: $292,050 311,520 Indirect labor 31,150 18,820 6,490 Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs 5,190 4,540 8,440 a. Prepare 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 Direct materials: Materials inventory, January 1 162,250 107,090 Purchases 311,520 Calculator 107,090 Work in process inventory, January 1 Direct materials: Materials inventory, January 1 162,250 311,520 Purchases Cost of materials available for use Materials inventory, January 31 473,770 139,540 $ 31,150 Cost of direct materials used in production Direct labor Factory overhead: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes 18,820 6,490 5,190 4,540 Miscellaneous costs 8,440 Total factory overhead Total manufacturing costs incurred during January Total manufacturing costs Cost of goods manufactured -. Determine the cost of goods sold for January