At May 31, 2020, the accounts of Concord Company show the following. 1 May 1 inventories-finished goods $13,500, work in process $15,100, and raw materials $9,000. 2. May 31 inventories-finished goods $9,600, work in process $18,400, and raw materials $7,900. 3 Increases to work in process were direct materials $64,300, direct labor $50,400, and manufacturing overhead applied $40,600. Sales revenue totaled $216,100.