2. Determine the cost of goods sold (indicate the number of units and the cost per unit).

3. Determine the finished goods inventory, May 31, 2010.

$ Question Process Cost Accounting Work in process - Mixing (May 1) 1/4 completed Finished goods (May 1) 6.00 0.25 72,000 12000 $ 40,000 5000 $ $ 8.00 Charges to Work in Process - Mixing for May Direct materials transferred from Baking 14000 $ 6.00 Direct labor Factory overhead $ $ $ 84,000 80,000 20,000 Completed units in May 8,000 Units sold in May 18,000 Work in process - Mixing 1/2 completed 6000 0.50 Finished goods (May 31) 7,000