STATEMENT OF COST OF GOODS MANUFACTURED The Avocado Company had the following information available on May 31, 19X8: raw materials put into process (all direct materials), $47,000; direct labor paid at a rate of $4.35 an hour in Department S, $3.75 in Department, T, and $5.00 in Department P. Department S worked 9,725 hours, Department T worked 11,000 hours, and Department P worked 15,475 hours. Factory overhead was $60,000 for all three departments combined. Required: a Prepare a statement of cost of goods manufactured. b What is the amount of 'the cost of goods sold