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 $180,000 $145,500 334,600 Work in process Finished goods 290,700 675,000 715,000 Direct labor $2,260,000 Materials purchased during January Factory overhead incurred during January: 1,375,000 Indirect labor 115,000 90,000 Machinery depreciation Heat, light, and power Supplies 55,000 18,500 Property taxes Miscellaneous costs 10,000 33,100 a. Prepare a cost of goods manufactured statement for January Technology Treasures Manufacturing Company Inventory Balances For the Month Ended January 31 Inventory balances on January 31: Materials -69 I Work in process 69 Finished goods 60