E2-9B At May 31, 2017, the accounts of Andres Manufacturing Company show the following. 1. May 1 inventories-fi nished goods $12,600, work in process $18,800, and raw materials $8,200 2. May 31 inventories-fi nished goods $15,400, work in process $17,900, and raw materials $7,100. 3. Debit postings to work in process were: direct materials $54,200, direct labor $32,000, and manufacturing overhead applied $40,000. 4. Sales totaled $200,000. Instructions (a) Prepar a condensed cost of goods manufactured schedule. (b) Prepare an income statement for May through gross profi t. (c) Indicate the balance sheet presentation of the manufacturing inventories at May 31 2017