Statement of Cost of Goods Manufacturedfor a Manufacturing Company

Costdata for Sandusky Manufacturing Company for the month ended January 31 are as follows:

Inventories January 1 January 31

Materials $176,500 $157,090

Work in process 118,260 105,250

Finished goods 91,780 106,820

Direct labor $317,700

Materials purchased during January 338,880

Factory overhead incurred during January:

Indirect labor 33,890

Machinery depreciation 20,470

Heat, light, and power 7,060

Supplies 5,650Property

taxes 4,940

Miscellaneous costs 9,180

a.Prepare a cost of goods manufactured statement for January.