Company: Microsoft Corporation Microsoft Corporation operates in the software industry. For the month of July, the company incurred the following costs related to the development of a new operating system:

• Direct materials cost: $3,000,000
• Direct labor cost: $2,500,000
• Manufacturing overhead: $1,500,000
• Beginning work in process inventory: $1,000,000
• Ending work in process inventory: $1,200,000 Calculate the cost of goods manufactured and the cost of goods sold for the month.