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Exercise 172 At May 31, 2019, the accounts of Kuhlmann Manufacturing Company show the following. 1 May 1 inventories-finished goods $12,600, work in process $14,700,

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Exercise 172 At May 31, 2019, the accounts of Kuhlmann Manufacturing Company show the following. 1 May 1 inventories-finished goods $12,600, work in process $14,700, and raw materials $8,200. 2 May 31 inventories-finished goods $8,500, work in process $22,900, and raw materials $7,100. 3 Debit postings to work in process were: direct materials 577,400, direct labor $50,000, and manufacturing overhead applied $45,000. Sales totaled s225,000. 4 Prepare a condensed cost of goods manufactured schedule. KUHLMANN MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Month Ended May 31, 2019 $ $

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