At May 31, 2022, the accounts of Ivanhoe Company show the following. 1. May 1 inventories - finished goods $10,830, work in process $12,630, and raw materials $7,040. 2. May 31 inventories - finished goods $8,170, work in process $13,680, and raw materials $6,100. 3. Debit postings to work in process were direct materials $53,670, direct labor $43,000, and manufacturing overhead applied $34,400. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue totaled $184,900. (a) Prepare a condensed cost of goods manufactured schedule for May 2022