1. At May 31, 2022, the accounts of Cullumber Company show the following May 1 inventories-finished goods $13,330, work in process $15,530, and raw materials $8,640 May 31 inventories-finished goods $10,070, work in process $16,880, and raw materials $7,500. Debit postings to work in process were direct materials $66,170, direct labor $53,000, and manufacturing overhead applied $42,400. (Assume that overhead applied was equal to overhead incurred.) Sales revenue totaled $227.900. 2 3. 4. (a) Prepare a condensed cost of goods manufactured schedule for May 2022. CULLUMBER COMPANY Cost of Goods Manufactured Schedule $ $