At May 31, 2022, the accounts of Sunland Company show the following. 1. May 1 inventories-finished goods $11,830, work in process $13,790, and raw materials $7,680. 2. May 31 inventories-finished goods $8,930, work in process $14,960, and raw materials $6,660. 3. Debit postings to work in process were direct materials $58,670, direct labor $47,000, and manufacturing overhead applied $37,600. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue totaled $202,100. Prepare a condensed cost of goods manufactured schedule for May 2022. SUNLAND COMPANY Cost of Goods Manufactured Schedule For the Year Ended May 31.2022 Work in Process, May 1 Direct Materials Used Direct Labor Manufacturing Overhead Applied Total Cost of Work in Process Total Manufacturing Costs Less : Work in Process, May 31 Cost of Goods Manufactured 58670 47000 37600 $ 13790 14960 i