Morrow Corporation had only one job in process during MayJob X32Zand had no finished goods inventory on May 1. Job X32Z was started in April and finished during May. Data concerning that job appear below:

Beginning balance	$	5,000
Charged to the job during May
Direct materials	$	8,000
Direct labor	$	2,000
Manufacturing overhead applied	$	4,000
Units completed		100
Units in process at the end of May		0
Units sold during May		40

In May, overhead was overapplied by $300. The company adjusts its cost of goods sold every month for the amount of the overhead that was underapplied or overapplied.

Required:

Using the indirect method, determine the cost of goods sold for May.