Company A

Work in process inventory $0

Raw materials inventory $28,800

Finished goods inventory $40,000

1. Actual manufacturing overhead for January $65,700.

2. Total direct labor cost for January $63,400.

3. The predetermined manufacturing overhead rate is based on direct labor cost. The budget for the year $250,000 of direct labor cost and $350,000 of manufacturing overhead costs.

4. The only job unfinished on January 31 , for which total direct labor charges were $5,700 (1,200 direct laborhours) and total direct material charges $14,300.

5. Cost of direct materials placed in production during January totaled $123,600. no indirect material requisitions during January.

6. January 31 balance in raw materials inventory $35,100.

7. Finished goods inventory balance on January 31 $35,000.

What is the cost of goods manufactured forJanuary?