The manufacturing operations of Beatly Inc. had the following balances for the month of January: $\begin{array}{lrr}& \text{ January 1}& \text{ January 31}\\ \text{ Raw materials }& \$12,000& \$13,000\\ \text{ Work in process }& 21,000& 23,000\\ \text{ Finished goods }& 14,000& 12,000\end{array}$
Beatly transferred $270000 of completed goods out of work in process during January.
Instructions
Compute the cost of goods sold for January.

Work in Process

Refers to the materials and labor that are currently being transformed into finished goods in a manufacturing process.

Cost of Goods Sold

Direct costs attributable to the production of the goods sold by a company, including materials and labor costs.

Raw Materials

Basic, unprocessed inputs used in manufacturing or production processes to create finished goods.