At May 31, 2022, the accounts of Cullumber Company show the following 1. May 1 inventories-finished goods $16,080, work in process $18,720, and raw materials $10,400. 2 May 31 inventories-finished goods $12.160, work in process $20.400, and raw materials $9.040 3. Debit postings to work in process were direct materials $79,920, direct labor $64,000, and manufacturing overhead applied $51,200. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue totaled $275,200.