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Amount of manufacturing overhead is 48,600 At May 31,2022 , the accounts of Ivanhoe Manufacturing Company show the following. 1. May 1 inventories-finished goods $13,608,

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Amount of manufacturing overhead is 48,600

At May 31,2022 , the accounts of Ivanhoe Manufacturing Company show the following. 1. May 1 inventories-finished goods $13,608, work in process $15,876, and raw materials $8,856. 2. May 31 inventories-finished goods $9,180, work in process $24,732, and raw materials $7,668. 3. Debit postings to Work in Process Inventory were: direct materials $83,592, direct labor $54,000, and manufacturing overhea! 4. Sales totaled $243,000. (a) Prepare a condensed cost of goods manufactured schedule

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