Question 2 0.33/1 View Policies Show Attempt History Current Attempt in Progress At May 31, 2020, the accounts of Bonita Company show the following. May 1 inventories-finished goods $13,800, work in process $17,800, and raw materials $8,400. 2. 3. 1. May 31 inventories-finished goods $9,900, work in process $16,500, and raw materials $7,200. Debit postings to work in process were direct materials $64,500, direct labor $50,800, and manufacturing overhead applied $42,100. (Assume that overhead applied was equal to overhead incurred) Sales revenue totaled $216,600 4. Prepare an income statement for May through gross profit. BONITA COMPANY (Partial) Income Statement eTextbook and Media List of Accounts Indicate the balance sheet presentation of the manufacturing inventories at May 31, 2020. BONITA COMPANY (Partial) Balance sheet $ eTextbook and Media List of Accounts Attempts: 2 of 15 used