hapter 15 Homework Question 7 of 7 View Policies Show Attempt History Current Attempt in Progress At May 31, 2022, the accounts of Ivanhoe Company show the following 1. May 1 inventories-finished goods $13.580, work in process $15,820. and raw materials $8.800. 2 May 31 inventories-finished goods $10.260, work in process $17.200, and raw materials $7.640. 0.6/25 3. Debit postings to work in process were direct materials $67,420, direct labor $54,000, and manufacturing overhead applied $43,200. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue totaled $232.200. Your answer is partially correct.