(Answered) At may 31 2017 the accounts of lopez company show the

Finance

At May 31, 2017, the accounts of Lopez Company show the following.

1. May 1 inventories-finished goods $ 15,000 , work in process $ 15,400 , and raw materials $ 8,500 .

2. May 31 inventories-finished goods $ 9,900 , work in process $ 16,900 , and raw materials $ 7,800 .

3. Debit postings to work in process were direct materials $ 65,000 , direct labor $ 52,500 , and manufacturing overhead applied $ 40,100.

4. Sales revenue totaled $ 216,400 .

Organize a condensed cost of goods manufactured schedule.

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