1.) Able Company reported the following information for the month of May: Sales revenue ....................... $505,000

Beginning finished goods ............ $ 84,000

Ending finished goods ............... $ 63,000

Gross profit ........................ $ 71,000 Assume there was no overhead variance for May (i.e., the actual overhead was equal to the applied overhead). Calculate Able Company's cost of goods manufactured for May.

2.) XYZ Company recorded the following information related to their inventory accounts for 2024: January 1 December 31 Direct materials inventory $74,000 $37,000 Work in process inventory $48,000 $83,000 Finished goods inventory $51,000 $26,000 XYZ Company's accounting records for 2024 provided the following information: Direct materials purchased ..........$ 56,000 Depreciation, factory equipment ..... $ 63,000 Utilities (see note below) .......... $ 40,000 Sales commissions ................... $ 81,000 Indirect materials ................. $ 33,000 Prime costs ........................ $202,000 Depreciation, office equipment ..... $ 37,000 Rent, factory building ............. $ 70,000 Advertising ........................ $ 89,000 Production supervisor's salary ..... $ 57,000 Note: 75% of the utilities relate to the general office building while 25% of the utilities relate to the factory. Calculate XYZ Company's total period costs for 2024.

3.) XYZ Company recorded the following information related to their inventory accounts for 2024: January 1 December 31 Direct materials inventory $74,000 $37,000 Work in process inventory $48,000 $83,000 Finished goods inventory $51,000 $26,000 XYZ Company's accounting records for 2024 provided the following information: Direct materials purchased ..........$ 56,000 Depreciation, factory equipment ..... $ 63,000 Utilities (see note below) .......... $ 40,000 Sales commissions ................... $ 81,000 Indirect materials ................. $ 33,000 Prime costs ........................ $202,000 Depreciation, office equipment ..... $ 37,000 Rent, factory building ............. $ 70,000 Advertising ........................ $ 89,000 Production supervisor's salary ..... $ 57,000 Note: 75% of the utilities relate to the general office building while 25% of the utilities relate to the factory. Calculate XYZ Company's direct labor cost for 2024.