The given account balances at starting of January were selected from general ledger of Ocean City Manufacturing Company: Work-in-process inventory $0 Raw materials inventory $28,000 Finished goods inventory $40,000 Additional data: i) Cost of direct materials placed in production during January totaled $123,000. There were no indirect material requisitions in January. ii) Total direct labor cost for January was given as $63,000. iii) Predetermined manufacturing overhead rate is based on direct labor cost. Budget for year called for $250,000 of direct labor cost and $350,000 of manufacturing overhead costs. iv) Only job unfinished on January 31 was Job No. 151, for that total direct labor charges were $5,200 (800 direct labor hours) and total direct material charges were $14,000. v) Actual manufacturing overhead for January amounted to given $62,000. vi) January 31 balance in raw materials inventory was $35,000. vii) Finished goods inventory balance on January 31 was $34,500. Determine cost of goods manufactured for January?