$ 21,000 11, 2020 3 Riverside City College 4. Professor David A Knutson 5 6 Problem #15 7 Amarillo Industries has the following information for May, 2020: 8 Cost of direct materials used in production 9 Direct labor 54,250 10 Factory overhead 35,000 11 Work-in-process inventory, May 1, 2020 87,500 12 Work-in-process inventory, May 31, 2020 92,750 13 Finished goods inventory, May 1, 2020 36,750 14 Finished goods inventory. May 31, 2020 42,000 15 16 17 Required: 18 1 For May, 2020, determine [a] the cost of goods manufactured and [b] the cost of goods sold. 19 20 21 22 Sheets Sheeto Sheet7 Sheets Sheet Sheet10 Enter Search