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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 $136,500 $122,850 Work in process 92,820 83,540 Finished goods 70,980 82,310 Direct labor $245,700 Materials purchased during January 262,080 Factory overhead incurred during January: Indirect labor 26,210 Machinery depreciation 15,830 Heat, light, and power 5,460 Supplies 4,370 Property taxes 3,820 Miscellaneous costs 7,100 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 Total manufacturing costs $ Cost of goods manufactured b. Determine the cost of goods sold for January. HA