At May 31, 2022, the accounts of Sheridan Company show the following 1. 2. May 1 inventories-finished goods $14,330, work in process $16,690, and raw materials $9,280. May 31 inventories -finished goods $10,830, work in process $18,160, and raw materials $8,060. Debit postings to work in process were direct materials $71.170, direct labor $57,000, and manufacturing overhead applied $45,600. (Assume that overhead applied was equal to overhead incurred.) Sales revenue totaled $245,100. 3 4. Prepare a condensed cost of goods manufactured schedule for May 2022. SHERIDAN COMPANY Cost of Goods Manufactured Schedule $ $