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	$196,000		$176,400
Work in process	135,240		121,720
Finished goods	99,960		118,190

Direct labor		$352,800
Materials purchased during January		376,320
Factory overhead incurred during January:
	Indirect labor	37,630
	Machinery depreciation	22,740
	Heat, light, and power	7,840
	Supplies	6,270
	Property taxes	5,490
	Miscellaneous costs	10,190

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	$
Purchases
Cost of materials available for use	$
Materials inventory, January 31
Cost of direct materials used in production		$
Direct labor
Factory overhead:
Indirect labor	$
Machinery depreciation
Heat, light, and power
Supplies
Property taxes
Miscellaneous costs
Total factory overhead
Total manufacturing costs incurred during January
Total manufacturing costs			$
Work in process inventory, January 31
Cost of goods manufactured			$

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b. Determine the cost of goods sold for January. $