Lighting Limited., a manufacturing company, reported the following information for the month of May: Account Balances Finished Goods Inventory, May 31 $42,000 Factory Supervisory Salaries 12,000 Income Tax Expense 18,000 Raw Materials Inventory, May 1 15,000 Work In Process Inventory, May 31 35,000 Sales Salaries Expense 14,000 Factory Depreciation Expense 5,000 Finished Goods Inventory, May 1 65,000 Raw Materials Purchases 60,000 Work In Process Inventory, May 1 30,000 Factory Utilities Expense 4,000 Direct Labor 70,000 Raw Materials Inventory, May 31 19,000 Sales Returns and Allowances 5,000 Factory supplies used 7,600 Marketing and promotion 5,600 Depreciation of general office equipment Indirect Labor 5,700 21,000 Required (A) Prepare a cost of goods manufactured statement for May. Hint: Determine total manufacturing overhead before preparing statement. (B) Compute the cost of goods sold for May.