At May 31, 2022, the accounts of Carla Vista Company show the following. 1. 2 May 1 inventories-finished goods $ 14,830, work in process $17.270, and raw materials $ 9,600. May 31 inventories-finished goods $11.210 work in process $ 18,800, and raw materials $ 8,340. Debit postings to work in process were direct materials $ 73,670, direct labor $ 59,000, and manufacturing overhead applied $ 47,200. (Assume that overhead applied was equal to overhead incurred.) Sales revenue totaled $ 253,700. 3. 4. Prepare a condensed cost of goods manufactured schedule for May 2022. CARLA VISTA COMPANY Cost of Goods Manufactured Schedule For the Month Ended May 31, 2022 17270 Work in Process May 1 73670 Direct Materials Used Direct Labor 59000 Manufacturing Overhead Applied 47200 179870 Total Manufacturing Costs 197140 Total Cost of Work in Process 18800 Less Work in Process, May 31 $ 178340 Cost of Goods Manufactured Prepare an income statement for May 2022 through gross profit. CARLA VISTA COMPANY (Partial) Income Statement For the Month Ended May 31, 2022 Sales Revenue $ 253700 Cost of Goods Sold Finished Goods, May 1 $ 14830 Cost of Goods Manufactured 178340 Cost of Goods Available for Sale 193170 Less : Finished Goods, May 31 11210 Cost of Goods Sold 181960 Gross Pront 71740 Prepare the balance sheet section of the manufacturing inventories at May 31, 2022. CARLA VISTACOMPANY (Partial) Balance sheet May 31, 2022 Inventories Work in Progress $ Total Inventories 1