Accouneng, 70 CANVAS: UMY Time: 05:02 / Remeting: 104 min. Exercise 15-09 At May 31, 2020, the accounts of Lopez Company show the following. 1. May 1 Inventories-finished goods $14,300, work in process $15, 100, and raw materials $8,900. 2. May 31 Inventories-finished goods $9,600, work in process $16,100, and raw materials $7,600. 3. Debit postings to work in process were direct materials $62,800, direct labor $53,100, and manufa overhead incurred.) 4. Sales revenue totaled $216,200. CANVAS UNIVERSITY OF SOUTHERN MISSISSIPPO A72947) wing. $15, 100, and raw materials $8,900. $16,100, and raw materials $7,600. 00, direct labor $53,100, and manufacturing overhead applied $42,300. (Assume that overhead applied was equal to Ende: 102 N/M 103 mm 4. Sales revenue totaled $216,200. Prepare a condensed cost of goods manufactured schedule LOPEZ COMPANY Cost of Goods Manufactured Schedule Prepare an income statement for May through gross profit. LADEZCOMPANY Prepare an income statement for May through gross profit. LOPEZ COMPANY (Partial) Income Statement