At May 31,2020, the accounts of Lopez Company show the following- 1. May 1 inventories -finished goods $15,000, work in process $16,900, and raw materials $9,300. 2. May 31 inventories - finished goods $9,900, work in process $17,100, and raw materials $7,300. 3. Debit postings to work in process were direct materials $64,500, direct labor $52,400, and manufacturing overhead applied \$42,700. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue totaled $216,500. (a) Prepare a condensed cost of goods manufactured schedule. At May 31,2020, the accounts of Lopez Company show the following- 1. May 1 inventories -finished goods $15,000, work in process $16,900, and raw materials $9,300. 2. May 31 inventories - finished goods $9,900, work in process $17,100, and raw materials $7,300. 3. Debit postings to work in process were direct materials $64,500, direct labor $52,400, and manufacturing overhead applied \$42,700. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue totaled $216,500. (a) Prepare a condensed cost of goods manufactured schedule