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.

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