Question 3 of 5 View Policies Show Attempt History Current Attempt in Progress At May 31, 2022, the accounts of Crane Company show the following. 2/3 M 1. May 1 inventories-finished goods $15,830, work in process $18,430, and raw materials $10,240. 2. May 31 inventories-finished goods $11,970, work in process $20,080, and raw materials $8,900. 3. Debit postings to work in process were direct materials $78,670, direct labor $63,000, and manufacturing overhead applied $50,400. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue totaled $270,900. (a)