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At May 31, 2022, the accounts of Crane Manufacturing Company show the following. 1. May 1 inventories-finished goods $13,104, work in process $15,288, and raw
At May 31, 2022, the accounts of Crane Manufacturing Company show the following. 1. May 1 inventories-finished goods $13,104, work in process $15,288, and raw materials $8,528. 2. May 31 inventories-finished goods $8,840, work in process $23,816, and raw materials $7,384. 3. Debit postings to Work in Process Inventory were: direct materials $80,496, direct labor $52,000, and manufacturing overhear 4. Sales totaled $234,000. (a) Prepare a condensed cost of goods manufactured schedule
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