The following are beginning and ending inventories of ABC Company for the month of May: Raw materials April 30 $ 50,300 106,900 70,800 May 31 $41,400 97,200 62,800 Work-in-process Finished goods Raw materials purchased during the month of May totaled $185,900. Direct labor costs incurred totaled $468,300 for the month. Actual and applied manufacturing overhead costs for May totaled $282,600 and $288,400, respectively. Over/underapplied overhead is written off to cost of goods sold at the end of the year in December. (a) Calculate the cost of goods manufactured for May. (b) Calculate the cost of goods sold for May