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 $196,500 $174,890 Work in process 129,690 115,430 Finished goods 100,220 118,930 Direct labor $353,700 Materials purchased during January 377,280 Factory overhead incurred during January: Indirect labor 37,730 Machinery depreciation 22,790 Heat, light, and power 7,860 Supplies 6,290 Property taxes 5,500 Miscellaneous costs 10,220 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 o Total manufacturing costs incurred during January Total manufacturing costs Cost of goods manufactured $ b. Determine the cost of goods sold for January