QS 15-17 (Algo) Preparing a schedule of cost of goods manufacture LO P3 Shen Company reports the costs incurred below for the month ended May 31. The company has no beginning Work in Process Inventory. Overhead is applied using a predetermined overhead rate of 125% of direct materials costs. Job 4 was completed and Job 5 is still in process at month-end. Prepare a schedule of cost of goods manufactured for the month. Job 5 Job 4 $ 3,600 3,900 Direct materials used Direct labor used $ 2,800 380 SHEN COMPANY Schedule of Cost of Goods Manufactured For Month Ended May 31 Add: Work in process inventory, beginning 0