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At May 31,2020, the accounts of Lopez Company show the following. 1. May 1 inventories -finished goods $13,800, work in proces $17,800, and raw materials
At May 31,2020, the accounts of Lopez Company show the following. 1. May 1 inventories -finished goods $13,800, work in proces $17,800, and raw materials $8,400. 2. May 31 inventories - finished goods $9,900, work in process $16,500, and raw materials $7,200. 3. Debit postings to work in process were direct materials $64,500, direct labor $50,800, and manufacturing overhead applied $42,100. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue totaled $216,600. (a) Prepare a condensed cost of goods manufactured schedule. Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes. (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above
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