At May 31, 2020 the accounts of Concord Company show the following

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At May 31, 2020, the accounts of Concord Company show the following. 1. 2. 3. May 1 inventories-finished goods $13,500, work in process $15,100, and raw materials $9,000. May 31 inventories-finished goods $9,600, work in process $18,400, and raw materials $7.900. 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. 4. Prepare a condensed cost of goods manufactured schedule for May 2020. CONCORD COMPANY Cost of Goods Manufactured Schedule For the Month Ended May 31, 2020 Work in Process, May 1 15.100 Direct Materials Used 64,300 Direct Labor 50.400 Manufacturing Overhead Applied 40,600 Total Manufacturing Costs 155,300 Total Cost of Work In Proces 170.400 Less V Work in Process May 31 Cost of Goods Manufactured Prepare an income statement for May through gross profit. CONCORD COMPANY (Partial) Income Statement $ $ Indicate the balance sheet presentation of the manufacturing inventories at May 31, 2020. CONCORD COMPANY (Partial) Balance sheet $ $