The manufacturing operations of Sunland, Inc. had the following balances for the month of January: Inventories January 1 January 31 Raw Materials $11,280 $12,220 Work in Process 19,740 21,620 Finished Goods 13,160 15,040 Sunland transferred $272,600 of completed goods out of Work in Process Inventory during January. Compute the cost of goods sold. Cost of goods sold $