At May 31, 2020, the accounts of Lopez Company show the following. 1. 2. 3. May 1 inventories-finished goods $15,000, work in process $16,900, and raw materials $9,300. May 31 inventories-finished goods $9,900, work in process $17,100, and raw materials $7,300. Debit postings to work in process were direct materials $64,500, direct labor $52,400, and manufacturing overhead applied $42,700. (Assume that overhead applied was equal to overhead incurred.) Sales revenue totaled $216,500. 4. Prepare a condensed cost of goods manufactured schedule. LOPEZ COMPANY Cost of Goods Manufactured Schedule $ (A + $