The manufacturing operations of Ivanhoe, Inc. had the following inventory balances for the month of January: January 1 January 31 Raw Materials $10,320 $11,180 Work in Process 18,060 19,780 Finished Goods 12,040 10,320 Ivanhoe transferred $232,200 of completed goods out of Work in Process Inventory during January. Compute the cost of goods sold for January. Cost of goods sold $