Q: Cost data on the activities of ABC manufacturing for the May are as follows:

A) Account Balances	April 30	May 31
Finished Goods	$45,602	?
Work in process	60420	52,800
Direct Material	10,250	12,700
Indirect Materials	5,160	5,180

B) Transactions in May
Supplies purchased	16,500
Cost of goods sold	280,000
Raw materials purchased	105,000
Indirect labor	22000
Factory heat, light and power	11,220
Factory rent	18,5000
Factory insurance	2,000
Sales commissions	48,000
Administrative expenses	25,000
Productions supervisors salary	5,000

C) 4,250 direct labor hours were worked in May. Laborers work a 40 hour week and are paid $22 per hour for the regular shift and time and a half for each hour of overtime. Out of the 4250 hours , 250 hours were worked in overtime In May. The company treats the overtime premium as a part of overhead.

REQUIRED:

1. Calculate the factory overhead incurred in May.
2. Determine the cost of goods manufactured in May.
3. Determine the ending balance in Finished Goods on May 31