Problem 2-55 Name:

Enter the appropriate amounts in the gray-shaded cells.

An asterisk (*) will appear in the column to the right of an incorrect amount.

1. Hayward Company
Statement of Cost of Goods Manufactured
For the Month of May

Direct materials
Direct labor
Manufacturing overhead:
Factory supplies
Factory insurance
Factory supervision
Materials handling
Total manufacturing cost for May
Work in Process, May 1
Work in Process, May 31
Cost of goods manufactured

2. Hayward Company
Statement of Cost of Goods Sold
For the Month of May

Cost of goods manufactured

Finished goods inventory, May 1
Finished goods inventory, May 31
Cost of goods sold