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. 3. May 31 inventories-finished goods $11,590, work in process $19,440, and raw materials $8,620. 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.