Koczela Inc. has provided the following data for the month of May Inventories: Work in process Finished goods Beginning Ending $ 17,000 $12,000 $ 46,000 $50,000 Additional information: Direct materials Direct labor cost Manufacturing overhead cost, incurred Cost of Goods Manufactured and actual $ 57,000 $ 87,000 $ 56,000 $ 205,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. Sales revenues are $400,000 and the selling and administrative expenses are $32,000. If manufacturing overhead allocated is same as actual manufactured overhead, the cost of goods sold and the net operating income for May are uveneau is LIUSE UUL W LUSU YUuus sulu. SRS TUV Any unwrappre U UVETAPP M IGLI administrative expenses are $32,000. UV anu le m anu If manufacturing overhead allocated is same as actual manufactured overhead, the cost of goods sold and the net operating income for May are: Multiple Choice O $201.000 and $157,000 O $212,000 and $156,000 0 $199,000 and $167,000 0 $188,000 and $156,000