At May 31, 2017, the accounts of Lopez Company show the following. 1. May 1 inventories-finished goods $15,000, work in process $15,400, and raw materials $8,500 2. May 31 inventories-finished goods $9,900, work in process $16,900, and raw materials $7,800 3. Debit postings to work in process were direct materials $65,000, direct labor $52,500, and manufacturing overhead applied $40,100 4. Sales revenue totaled $216,400