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At May 31, 2014, the accounts of Mantle Company show the following. 1. May 1 inventoriesfinished goods $13,780, work in process $15,500, and raw materials
At May 31, 2014, the accounts of Mantle Company show the following.
1. May 1 inventoriesfinished goods $13,780, work in process $15,500, and raw materials $9,140.
2. May 31 inventoriesfinished goods $9,790, work in process $20,000, and raw materials $7,350.
3. Debit postings to work in process were direct materials $62,630, direct labor $51,150, and manufacturing overhead applied $41,950.
4. Sales revenue totaled $211,170.
Prepare a condensed cost of goods manufactured schedule.
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