Wallace Industries, a maker of steel cable for use in bridges, closes its books and prepares financial statements at the end of each month. The preclosing trial balance as of May 31, 20A, (in thousands) is as follows:

Additional information is as follows:
(a) 80% of the utilities cost is related to manufacturing cable; the remaining 20% is related to the sales and administrative functions in the office building.
(b) All of the rent was for the office building.
(c) The property taxes were assessed on the manufacturing plant.
(d) 60% of the insurance cost is related to manufacturing cable; the remaining 40% is related to the sales and administrative functions.
(e) Depreciation for the month was:

(f) May 31, 20A inventory balances were:

Required
Prepare a cost of goods manufactured statement for Wallace Industries for May, 20A.

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Credit Debit $ 54 210 247 150 28 1,140 Finished Goods (4/30/20A) Work in Process (4/30/20A) Direct Materials (4/30/20A) Property, Piant, and Equipment (net Accounts, Notes, and Taxes Payable Bonds Payable. .. Paid-in Capital Retained Earnings Sales Sales Discounts Interest Revenue $ 70 1,488 510 Direct Labor Indirect Factory Labor Office Salaries Sales Salari Utilities Rent Property Tax Insurance Depreciation. Interest Expense Freight In Freight Out 122 135 20 15 18 $3.190 $20,000 30,000 4,000 $54,000 Manufacturing plant. Office equipment.. Work in Process...ru*.. Direct Materials.. $175,000 210,000 23,000