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	$208,750		$185,790
Work in process	139,860		124,480
Finished goods	106,460		126,340

Direct labor		$375,750
Materials purchased during January		400,800
Factory overhead incurred during January:
	Indirect labor	40,080
	Machinery depreciation	24,220
	Heat, light, and power	8,350
	Supplies	6,680
	Property taxes	5,850
	Miscellaneous costs	10,860

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			$
Cost of goods manufactured			$

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