The Bags and Luggage Company had the following account balances as of January 1:

Direct Materials Inventory		$	8,700
Work in Process Inventory			76,500
Finished Goods Inventory			53,000
Manufacturing Overhead			- 0 -

During the month of January, all of the following occurred:

1.	Direct labor costs were $49,000 for 1,800 hours worked.
2.	Direct materials costing $28,000 and indirect materials costing $5,000 were purchased.
3.	Sales commissions of $15,000 were earned by the sales force.
4.	$22,000 worth of direct materials were used in production.
5.	Advertising costs of $6,300 were incurred.
6.	Factory supervisors earned salaries of $12,046.
7.	Indirect labor costs for the month were $3,000.
8.	Monthly depreciation on factory equipment was $4,500.
9.	Utilities expense of $7,061 was incurred in the factory.
10.	Luggage with manufacturing costs of $69,000 were transferred to finished goods.
11.	Monthly insurance costs for the factory were $4,200.
12.	$5,000 in property taxes on the factory were incurred and paid.
13.	Luggage with manufacturing costs of $96,743 were sold for $175,897.

a.	Assume If Bags and Luggage assigns manufacturing overhead of $34,400, what will be the balances in the Direct Materials, Work in Process, and Finished Goods Inventory accounts at the end of January?

Direct materials inventory	$
Work in process inventory	$
Finished goods inventory	$

b.	As of January 31, what will be the balance in the Manufacturing Overhead account?

Manufacturing overhead

$

c.	What was Bags and Luggage's operating income for January?

Operating income

$