Cost data on the activities of Colombia manufacturing for may are as follows;

Account balances;

Finished goods. $45602 ?

Work in process.. 60420 52800

Direct material. 10250 12700

Indirect material... 5600 5180

(b) transactions in May

Supplies purchased.. 16500

Cost of goods sold 280000

Raw materials 105000

Indirect labor 22000

Factory heat, light, and power 11220

Factory rent 18500

Factory insurance 2000

Sales commissions 48000

Administration 25000

Production supervisors salary 5000

(c) 4250 direct labor hours were worked in May. Laborers work 40 hour and are paid

$ 22 per hour for regular shift and time and half for each hour of over time. Of the 4250

Hours, 250 hours were worked in overtime in May. The company treats the overtime

Premium as part of overhead.

Required:

1 calculate the factory overhead incurred in May.

2. Determine the cost of goods manufactured in may.

3. Determine the ending balance in finished goods at may 31.