Exercise 15-9

At May 31, 2017, the accounts of Lopez Company show the following.

1.		May 1 inventoriesfinished goods $13,500, work in process $15,100, and raw materials $9,000.
2.		May 31 inventoriesfinished goods $9,600, work in process $18,400, and raw materials $7,900.
3.		Debit postings to work in process were direct materials $64,300, direct labor $50,400, and manufacturing overhead applied $40,600.
4.		Sales revenue totaled $216,100.