In January 2016, Sayers Manufacturing incurred the following costs in manufacturing Detecto, its only product:

An analysis of the accounting records showed the following balances in the inventory accounts at the beginning and end of January:

Sayers treats overtime premiums and benefits as indirect costs.
Instructions
(a) Determine the cost of goods manufactured for January 2016.
(b) Calculate the cost of goods sold for January 2016.

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Direct materials purchased Direct labour incurred Benefits Overtime premium Supervisory salaries Utility expenses Depreciation (equipment) Supplies (factory) Factory rent $900,000 710,000 75,000 50,000 125,000 92,500 2,800 10,000 31,300 Direct materials Work in process Finished goods anuary 1 $ 80,000 110,000 95,000 January 31 $ 90,000 74,600 108,000