I honestly do not know how to interpret this? Can you point me in the right direction?

Statement of Cost of Goods Sold Beginning Work In Process Inventory Direct Materials : Materials: Beginning Add: Purchases for month of January S 20,000 Materials available for use 20,000 Deduct: Ending materials 4,000 Materials Used S 16,000 Direct Labor 8,493.33 Overhead 3,765 Total Costs S 28,258.33 Deduct: Ending Work In Process Inventory 0 Cost of Goods Sold $ 28,258.33 11 Southern New Hampshire University [Compare the actual cost of goods sold over the last month and evaluate the company's performance against the budgeted benchmarks. Are the numbers close to what you expected? Interpret the performance and explain what happened.]|