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Exercise 20-09 a-c (Part Level Submission) At May 31, 2020, the accounts of Sunland Company show the following. 1. May 1 inventories-finished goods $15,000, work
Exercise 20-09 a-c (Part Level Submission) At May 31, 2020, the accounts of Sunland 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. Prepare a condensed cost of goods manufactured schedule. SUNLAND COMPANY Cost of Goods Manufactured Schedule
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