Managerial accounting.

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At May 31, 2017. the accounts of Lopez Company show the following 1. May 1 inventories-fnished goods $13,000, work in process $17,400, and raw materials $8.500 2. May 31 inventaries finished goods $9.700, work in process $16.500, and raw materials $7 50o bit postings to work in process were direct materials $64,100 direct labor $52.a00 and manufacturing averhead applied $40.400 4, Sales revenue totaled $216,400 Prepare a condensed cost of goods manufactured schedule LOPEZ COMPANY Cost of Goods Manufactured Schedule Prepare an income statement for May through gross profit. LOPEZ COMPANY (Partial) Income Statement e Textbook and Media List of Accounts Indicate the balance sheet presentation of the manufacturing inventories at May 31, 2017 LOPEZ COMPANY (Partial) Balance sheet eTextbook and Media List of Accounts