Sunland Manufacturing Company makes specialty tools. In January, Sunland incurs manufacturing costs of $$12,220,000$ for direct

material, direct labor, and overhead. $20\%$ of the total costs represents overhead applied. The overhead rate is $$1$ for every $$2$ of

direct labor costs incurred. Inventory balances were:

At the end of January, there was $$940$ of overapplied overhead. Raw materials Jan $1,282,000$ Jan $31,470,000.$ Work $in$ Procees inventory Jan $1,564000$ Jan $31,370,000.$ Fisnihed goods Jan $1,376,000$ Jan $31,188,000.$