Saetang Company issued 10,000 shares of its $15 par value common stock having a fair value of $45 per share and 7,500 shares of its $12 par value preferred stock having a fair value of $30 per share for a lump sum of $650,000. The proceeds allocated to the preferred stock is

Kinc. has provided the following data for the month of may: inventories: beginning ending work in process $ 17,000 $ 12,000 finished goods $ 46,000 $ 50,000 additional information: direct materials $ 57,000 direct labor cost $ 87,000 manufacturing overhead cost incurred $ 63,000 manufacturing overhead cost applied to work in process $ 61,000 any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. the adjusted cost of goods sold that appears on the income statement for may is: