The following events took place for Digital Vibe Manufacturing Company during March, the first month of its operations as a producer of digital video monitors: a. Purchased $137,800 of materials. b. Used $94,100 of direct materials in production. c. Incurred $184,800 of direct labor wages. d. Incurred $212,720 of factory overhead. e. Transferred $423,160 of work in process to finished goods. f. Sold goods for $645,000. g. Sold goods with a cost of $365,000. h. Incurred $86,260 of selling expense. i. Incurred $71,950 of administrative expense. 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 $163,000 $140,180 Work in process 109,210 93,920 Finished goods 83,130 95,320 Direct labor $293,400 Materials purchased during January 312,960 Factory overhead incurred during January: Indirect labor 31,300 Machinery depreciation 18,910 Heat, light, and power 6,520 Supplies 5,220 Property taxes 4,560 Miscellaneous costs 8,480 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. $