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 $159,750 $135,790

Work in process 105,440 89,620

Finished goods 83,070 90,980

Direct labor $287,550

Materials purchased during January 306,720

Factory overhead incurred during January:

Indirect labor 30,670

Machinery depreciation 18,530

Heat, light, and power 6,390

Supplies 5,110

Property taxes 4,470

Miscellaneous costs 8,310