Cost of Goods Manufactured, Cost of Goods Sold Hayward Company, a manufacturing firm, has supplied the following Information from its accounting records for the month of May Direct labor cost $10,500 Purchases of raw materials 15,000 Supplies used 675 Factory insurance 350 Commissions paid 2,500 Factory supervision 2,225 Advertising 100 Material handing 3,750 3,475 12,500 6,685 Materials inventory, May 1 Work in process inventory, May 1 Finished goods inventory, May 1 Materials inventary, May 31 Work in process inventory, May 31 Finished goods inventory, May 31 9,500 14,250 4,250 Required: 1. Prepare a statement of cost of goods manufactured. If an amount is negative, enter a minus) sign first Hayward Company Statement of Cost of Goods Manufactured For the Month of May 1. Prepare a statement of cost of goods manufactured. If an amount is negative, enter a minus (-) sign first Hayward Company Statement of Cost of Goods Manufactured For the Month of May Manufacturing overhead: Qilo 100 Total manufacturing cost for May Cost of goods manufactured 2. Prepare a statement of cost of goods sold. If an amount is negative, enter a minus (-) sign first. Hayward Company Statement of Cost of Goods Sold For the Month of May Check My Work Assignment Score: 50% All work saved esc 888 BO F3 FI F4 @ # $ % Manufacturing overhead: 1110 Total manufacturing cost for May Cost of goods manufactured 2. Prepare a statement of cost of goods sold. If an amount is negative, enter a minus (-) sign first. Hayward Company Statement of Cost of Goods Sold For the Month of May