EX 18-15 Statement of cost of goods manufactured for a manufacturing company oBJ.3 Cost data for Tiwana Manufacturing Company for the month ended May 31, 2014, are as follows: Inventories Materials Work in process Finished goods May 31 May 1 $210,000 142,800 109,200 - $184,800 159,600 126,000 Direct labor Materials purchased during May Factory overhead incurred during May $378,000 403,200 Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs 40,320 24,000 8,400 6,720 5,880 10,920 a. Prepare a cost of goods manufactured statement for May 2014. b. Determine the cost of goods sold for May 2014