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 Purchases of raw materials Supplies used Factory insurance Commissions paid Factory supervision Advertising Material handing Materials inventory, May 1 Work-in-process inventory, May 1 Finished goods inventory, May 1 Materials inventory, May 31 Work-in-process inventory, May 31 Finished goods inventory, May 31 Manufacturing overhead: Total manufacturing cost for May Cost of goods manufactured $10,500 15,000 1000 675 350 2,500 2,225 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 800 3,750 3,475 12,500 6,685 9,500 14,250 4,250

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 Required: 1. Prepare a statement of cost of goods manufactured. If an amount is negative, enter a minus () sign first