An analysis of the accounts of Payson Manufacturing reveals the following data for the month ended April 30, 201X:

Inventories............... Beginning.............. Ending

Raw materials ................$22,000............. $23,000

Work-in-process ...............16,500.............. 22,000

Finished goods .................17,000.............. 16,000

Costs Incurred: Raw materials purchased, $120,000; direct labor, $133,000; manufacturing overhead, $49,700. These specific overheads included indirect labor, $19,700; factory insurance, $8,200; depreciation on machinery, $9,500; machinery repairs, $4,000; factory utilities, $5,500; and miscellaneous factory costs, $2,800.

Instructions:

Prepare a cost of goods manufactured statement.