The manufacturing operations of Pharoah, Inc. had the following inventory balances for the month of January: January 1 January 31 Raw Materials $10,800 $11,700 Work in Process 18,900 20,700 Finished Goods 12,600 10,800 Pharoah transferred $243,000 of completed goods out of Work in Process Inventory during January. Compute the cost of goods sold for January. Cost of goods sold $