Schuppert Inc. uses a job-order costing system in which any underapplied or overapplied overhead for the period is closed out to cost of goods sold. In May, the company completed job K44C that consisted of 19,000 units of one of the company's standard products. No other jobs were in process during the month. The job cost sheet for job K44C shows the following costs: 
During the month, the actual manufacturing overhead cost incurred was $257,070 and 4,000 completed units from job K44C were sold. No other products were sold.
Required:
Determine the cost of goods sold that would appear on the income statement for May. Show your work!
Definitions:
Interest Rate
The cost of borrowing money or the return on savings, usually expressed as a percentage.
Interest Rate
The percent of principal charged by the lender for the use of its money or the rate earned on deposited funds.
Revenues
Revenues are the total amount of money generated by a company from its business activities, such as the sale of goods or services, before any costs or expenses are deducted.
Interest Rate
The interest rate is the cost of borrowing money or the return earned from lending money, typically expressed as a percentage of the principal amount per year.
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