LilPete makes and sells plans. The manufacturing process has two stages: Fabricating and Packaging. The plans are fabricated in one building and then transferred to the Packaging shed to be finished. When the packaging is completed, the plans are transferred to the finished plan showroom. Manufacturing Overhead is applied to the Fabricating area based on DL Hours incurred in the Fabricating area. Expected Fabricating DL Hours for January 2020 - 600 DL Hours Expected Fabricating Overhead - $24,000 Manufacturing Overhead is applied to the Packaging area based on DL Hours incurred in the Packaging area. Expected Packaging DL Hours for January 2020 - 250 DL Hours Expected Packaging Overhead - $5,100 Beginning and ending inventory balances for January: 1/1/20 Materials Inventory Fabricating WIP Packaging WIP Finished Plans Inventory $6,000 $3,000 $4,000 $4,000 1/31/20 4,000 4,000 3,000 3,000 During January of 2020: LilPete purchased $30,000 of Materials . Incurred $11,550 of Direct Labor (525 DL Hours @ $22 per DL Hour) in the Fabricating area . Incurred $5,130 of Direct Labor (190 DL Hours @ $27 per DL Hour) in the Packaging area Incurred Manufacturing Overhead in the Fabricating area totaling $20,000 . Incurred Manufacturing Overhead in the Packaging area totaling $5,600 Required: What is Cost of Goods Manufactured for January 2020? . What is Cost of Goods Sold for January 2020 before closing any over/under applied overhead to COGS? What is COGS if any over/under applied overhead is closed to COGS? What is LilPete's January gross profit if they sold the finished plans for $150,000