int TRelm Rainier Company Yakima Company 280,000.00 $177000.00 175,000.00 2Materials inventory, May 1 S Materials inventory. May 31 4Materials purchased s Cost of direct materials used in production 6 Direct labor 7Factory overhead 712,60000 34000000 752,800.00 ,059,800.00 326,600.00 179.400.00 ,038,000.00 2,679.200.00 1.480,500.00 442,500.00 Total manufacturing costs incurred May 9 Total manufacturing costs 10 Work in process inventory, May 1 11 Work in process inventory, May 31 12 Cost of goods manufactured 13 Finished goods inventory,May 1 14 Finished goods inventory, May 31 15 Sales 16 Cost of goods sold 17 Gross profit 18 Operating expenses 9 Net income 540.000.00 451,400.00 1,026,500.00 475,200.00 200,000.00 495,600.00 ,142,000.00 1.679,000.00 ,048,500.00 45,000.00 84,100.00