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 $192,000 128,640 99,840 $172,800 115,780 Work in process Finished goods 117,500 Direct labor Materials purchased during January $345,600 368,640 Factory overhead incurred during January: Indirect labor Machinery depreciation 36,860 22,270 7,680 6,140 Heat, light, and power Supplies Property taxes 5,380 Miscellaneous costs 9,980 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 Direct materials: Factory overhead: Total factory overhead Total manufacturing costs incurred during January Total manufacturing costs Total manufacturing costs Cost of goods manufactured b. Determine the cost of goods sold for January