what is the cost of goods sold for january ?

The following account balances at the beginning of January were selected from the general ledger of Ocean City Manufacturing Company Work in process inventory Raw materials inventory $29,000 Finished goods inventory 540,800 Additional data: 1. Actual manufacturing overhead for January amounted to $65,000 2. Total direct labor cost for January was $63.400 3. The predetermined manufacturing overhead rate is based on direct labor cost. The budget for the year called for $240,000 of direct labor cost and $336,000 of manufacturing overhead costs 4. The only job unfinished on January 31 was Job No. 151, for which total direct labor charges were $5,300 (1.300 direct labor hours) and total direct material charges were $54,300 5. Cost of direct materials placed in production during January totaled $123,200. There were no indirect material requisitions during January 6. January 31 balance in raw materials inventory was $36.900 7 Finished goodo inventory balance on January 31 was $35.100 O A. $315,100 OB. $201.414 O $224,800 OD 52154,040