At May 31, 2017, the accounts of Kuhlmann Manufacturing Company show the following.

1.May 1 inventoriesfinished goods $12,600, work in process $14,700, and raw materials $8,200.

2.May 31 inventoriesfinished goods $8,500, work in process $22,900, and raw materials $7,100.

3.Debit postings to work in process were: direct materials $77,400, direct labor $50,000, and manufacturing overhead applied $45,000.

4.Sales totaled $225,000.

Instructions

(a)Make an condensed cost of goods manufactured schedule.

(b)Make an income statement for May through gross profit.