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At May 31, 2020, the accounts of Lopez Company show the followine 1. May 1inventories-finished goods $12,700, work in process $14,800, and raw materials $8,300.

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At May 31, 2020, the accounts of Lopez Company show the followine 1. May 1inventories-finished goods $12,700, work in process $14,800, and raw materials $8,300. 2. May 31 inventories - finished goods $9,600, work in process $16,000, and raw materials $7,200. 3. Debit postings to work in process were direct materials $62,500, direct labor $50,100, and manufacturing overhead applied $40,100. (Assume that overhead applied was equal to overhead incurred) 4. Sales revenue totaled $216,000. Prepare a condensed cost of goods manufactured schedule

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