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 $215,000 $193,500 Work in process 146,200 131,580 Finished goods 111,800 131,580 Direct labor $387,000 Materials purchased during January 412,800 Factory overhead incurred during January: Indirect labor 41,280 Machinery depreciation 24,940 Heat, light, and power 8,600 Supplies 6,880 Property taxes 6,020 Miscellaneous costs 11,180 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. $