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At May 31, 2017, the accounts of Lopez Company show the following. 1. May 1 inventories-finished goods $12,700, work in process $15,100, and raw materials $8,600. 2. May 31 inventories-finished goods $9,700, work in process $17,900, and raw materials $7,500. 3. Debit postings to work in process were direct materials $62,800, direct labor $50,200, and manufacturing overhead applied $41,900. 4. Sales revenue totaled $216,600. Prepare a condensed cost of goods manufactured schedule. LOPEZ COMPANY Cost of Goods Schedule