Refer to the data for Uxmaiz Corporation in Exercise 4–5.

Job X32Z

Beginning balance . . . . . . . . . . . . . . . . . . . .$5,000
Charged to the job during May. . . . . . . . . .
Direct materials. . . . . . . . . . . . . . . . . . . . . . $8,000
Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . $2,000
Manufacturing overhead applied . . . . . . .$4,000
Units completed . . . . . . . . . . . . . . . . . . . . . . . .100
Units in process at the end of May. . . . . . . . . . .0
Units sold during May . . . . . . . . . . . . . . . . . . . .40

Required:
Using the indirect method, determine the cost of goods sold for May.