Information from the records of the Maloney Company for the month of May 2016 is as follows:

Purchases of direct materials $54,000

Indirect labor 15,000

Direct labor 31,200

Depreciation on factory machinery 9,000

Sales 165,900

Selling and administrative expenses 18,900

Rent on factory building 21,000

Inventories

	May 1, 2016	May 31, 2016
Direct materials	$24,000	$26,100
Work in process	6,300	9,600
Finished goods	15,000	17,100
Required: prepare a statement of cost of goods sold for the month of May Please show work to be awarded the point.