Cost of Goods Sold, Cost of Goods Manufactured Princeton 3 Company has the following information for May: Cost of direct materials used in production $65,000 Direct labor 72,000 Factory overhead 37,000 Work in process inventory, May 1 55,000 Work in process inventory, May 31 52,670 Finished goods inventory, May 1 22,000 Finished goods inventory, May 31 14,000 < a. For May, using the data given, prepare a statement of Cost of Goods Manufactu Princeton 3 Company Statement of Cost of Goods Manufactured Total manufacturing costs incurred during May Total manufacturing costs 00