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Cost of Goods Sold, Cost of Goods Manufactured Princeton 3 Company has the following information for May: Cost of direct materials used in production $42,000 Direct labor 50,000 Factory overhead 23,000 Work in process inventory, May 1 28,000 Work in process inventory, May 31 32,890 Finished goods inventory, May 1 30,000 Finished goods inventory, May 31 19,000 a. For May, using the data given, prepare a statement of Cost of Goods Manufactured. Princeton 3 Company Statement of Cost of Goods Manufactured Total manufacturing costs incurred during May Il Total manufacturing costs eBook Show Me How Print Item $ II Total manufacturing costs incurred during May Total manufacturing costs Cost of goods manufactured