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Cost data for Bedford Manufacturing

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Cost data for Bedford Manufacturing Company for the month ending May 31, 2012, are
as follows:

Inventories May 1 May 31
Materials $168,000 $139,000
Work in process 240,000 260,000
Finished goods 182,000 214,200
Direct labor $475,000
Materials purchased during May 302,000
Factory overhead incurred during May:
Indirect labor 57,200
Machinery depreciation 36,000
Heat, light, and power 13,000
Supplies 10,000
Property taxes 9,800
Miscellaneous cost 18,200

a. Prepare a cost of goods manufactured statement for May 2012.
b. Determine the cost of goods sold for May 2012.

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