Prepare a condensed cost of goods manufactured schedule for May 2022. Preoare a condensed cost of eoods manufartured srhedule for Mav 202 ? At May 31, 2022, the accounts of Sandhill Company show the following. 1. May 1 inventories - finished goods $15,080, work in process $17,560, and raw materials $9,760. 2. May 31 inventories - finished goods $11,400, work in process $19,120, and raw materials $8,480. 3. Debit postings to work in process were direct materials $74,920, direct labor $60,000, and manufacturing overhead applied $48,000. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue totaled $258,000. Prepare an income statement for May 2022 through gross profit. Prepare the balance sheet section of the manufacturing inventories at May 31, 2022