Cost of Goods Sold, Cost of Goods Manufactured Princeton 3 Company has the fallowing information for May: Cost of direct materials used in production $17,300 Direct labor 44,700 Factory overhead 28,800 Work in process inventory, May 1 72.100 Work in process inventory, May 31 76,400 Finished goods inventory, May 1 30,300 Finished goods inventory, May 31 34,600 a. For May, using the data given, prepare a statement of Cost of Goods Manufactured. Princeton 3 Company Statement of Cost of Goods Manufactured Work in process inventory, May 1 Cost of direct materials used in production Direct labor Factory overhead v Total manufacturing costs incurred during May Total manufacturing costs Less work in process inventory, May 31 Cost of goods manufactured Feadback Check My Won a. Add direct materials, direct labor, and overhead to the beginning work in process. Subtract the en b. For May, using the data given, prepare a statement of Cost of Goods Sold. Princeton 3 Company Statement of Cost of Goods Sold Finished goods inventory, May 1 Cost of goods manufactured v Cost of finished goods available for sale Less finished goods inventory, May 31 v Cost of goods sold

The loanable funds theory is a neoclassical theory that determines the interest rate where the demand for loanable investments and supply of loanable funds intersect. To determine the interest rate, this theory employs linear regression and a demand curv…