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Prepare a condensed cost of goods manufactured schedule

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Question 2 At May 31, 2017, the accounts of Lopez Company show the following.

1. May 1 inventories-finished goods $13,800, work in process $17,200, and raw materials $9,100.
2. May 31 inventories-finished goods $9,800, work in process $18,600, and raw materials $8,000.
3. Debit postings to work in process were direct materials $63,600, direct labor $51,800, and manufacturing overhead applied $43,100.
4. Sales revenue totaled $216,900.

Prepare a condensed cost of goods manufactured schedule.

 

Reference no: EM131793669

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