A company collected the following data for the month ending May 31:

Inventories	May 1	May 31
Materials	$23,000	$18,480
Work in process	$14,800	$15,600
finished goods	$12,920	$12,620
direct labor	$37,800
materials purchased during may	$42,300
Factory overhead incurred during May:
indirect labor		$4,320
machinery depreciation		$2,400
heat, light, and power		$480
supplies		$627
property taxes		$580
miscellaneous costs		$1,920

REQUIRED:

a. Prepare a cost of goods manufactured statement for may

b. Determine the cost of goods sold for May. Show your work.