At May 31, 2027, the accounts of Sheridan Company show the following. 1. May 1 inventories-finished goods $15,400, work in process $16,000, and raw materials $9,100. 2. May 31 imventories - finished goods $9,800, work in process $16,200, and raw materials $7,400. 3. Increases to work in process were direct materials $64,800, direct labor $51,300, and manufacturing overhead applied 540,600. 4. Sales revenue totaled $216,600. Cost of Goods Manufactured Schedule For the Month Ended May 31, 2027 Work in Process, May 1 Direct Materials Used Direct Labor Manufacturing Overhead Applied Totai Manufacturing Costs Tocil Cost of Workin Process Cont of Coodit Mamufattured Prepare an income statement for May 2027 through gross profit. (c) The parts of this question must be completed in order. This part will be avaifable when you complete the part above