Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follow Inventories January 1 January 31 Materials $177,380 $206,250 138,190 105,190 Work in process Finished goods 118,840 118,840 Direct labor $371,250 Materials purchased during January 396,000 Factory overhead incurred during January: Indirect labor Machinery depreciation 39,600 23,930 8,250 Heat, light, and power Supplies 6,600 Property taxes Miscellaneous costs 5,780 10,730 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