Hayward Company, a manufacturing firm, has supplied the following information from its accounting records for the month of May:

Direct labor cost ................$10,500

Purchases of raw materials ............ .15,000

Supplies used ..................675

Factory insurance .................350

Commissions paid ................ 2,500

Factory supervision ...............2,225

Advertising .....................800

Material handling ..................3,750

Materials inventory, May 1 ............3,475

Work-in-process inventory, May 1 ..........12,500

Finished goods inventory, May 1 ...........6,685

Materials inventory, May 31 .............9,500

Work-in-process inventory, May 31 ........14,250

Finished goods inventory, May 31 .........4,250

Required:

1. Prepare a statement of cost of goods manufactured.

2. Prepare a statement of cost of goods sold.