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

a. Prepare a cost of goods manufactured statement for May 2012. b. Determine the cost of goods sold for May2012.

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Inventories Materials May 1 May 31 $168,000 $139,000 Work in process Finished goods 240,000 260,000 182,000 214,200 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 10,000 Supplies Property taxes 9,800 Miscellaneous cost 18,200