Statement of cost of goods manufacturing company

Cost data for Tiwana Manufacturing Company for the month ended May 31, 2014, are as follows:

Inventories	May 1	May 31
Materials	$210,000	$184,800
Work in process	142,800	159,600
Finished goods	109,200	126,000
Direct Labor		378,000
Machinery depreciation		403,200
Factory overhead incurred during May:
Indirect labor		40,320
Machinery depreciation		24,000
Heat, light, and power		8,400
Supplies		6,720
Property Taxes		5,880
Miscellaneous costs		10,920

a. Prepare a cost of goods manfactured statement for May 2014.

b. Determine the cost of goods sold for May 2014.