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At May 31, 2022, the accounts of Wildhorse Company show the following. 1. May 1 inventories-finished goods $15,330, work in process $17,850, and raw materials
At May 31, 2022, the accounts of Wildhorse Company show the following. 1. May 1 inventories-finished goods $15,330, work in process $17,850, and raw materials $9,920. 2. May 31 inventories-finished goods $11,590, work in process $19,440, and raw materials $8,620. 3. Debit postings to work in process were direct materials $76,170, direct labor $61,000, and manufacturing overhead applied $48,800. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue totaled $262,300. Prepare a condensed cost of goods manufactured schedule for May 2022. WILDHORSE COMPANY Cost of Goods Manufactured Schedule eTextbook and Media WILDHORSE COMPANY Cost of Goods Manufactured Schedule WILDHORSE COMPANY (Partial) Income Statement $ $ Prepare the balance sheet section of the manufacturing inventories at May 31, 2022. WILDHORSECOMPANY (Partial) Balance sheet eTextbook and Media
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