two parts to the problem!

Question 8 of 15 -11 Prepare an income statement for May through gross profit. LOPEZ COMPANY (Partial) Income Statement $ $ $ eTextbook and Media List of Accounts Question 8 of 15 -/1 E View Policies Current Attempt in Progress At May 31, 2020, the accounts of Lopez Company show the following. 1 2. 3. May 1 inventories---finished goods $14,000, work in process $17.600, and raw materials $8,400. May 31 inventories-finished goods $9,600, work in process $18,000, and raw materials $8,000. Debit postings to work in process were direct materials $65,100, direct labor $51,600, and manufacturing overhead applied $40,200. (Assume that overhead applied was equal to overhead incurred.) Sales revenue totaled $216,500. 4. Prepare a condensed cost of goods manufactured schedule. LOPEZ COMPANY Cost of Goods Manufactured Schedule $