Question: 12. Fill out part C, based off information found in part A and B. Prepare the balance sheet section of the manufacturing inventories at May

12. Fill out part C, based off information found in part A and B.

A and B. Prepare the balance sheet section of the manufacturing inventories

Prepare the balance sheet section of the manufacturing inventories at May 31, 2022. At May 31, 2022, the accounts of Sandhill Company show the following. 1. May 1 inventories-finished goods $12,330, work in process $14,370, and raw materials $8,000. 2. May 31 inventories-finished goods $9.310, work in process $15,600, and raw materials $6,940. 3. Debit postings to work in process were direct materials $61,170, direct labor $49,000, and manufacturing overhead applied $39,200. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue totaled $210,700. (a) Prepare a condensed cost of goods manufactured schedule for May 2022. (b) Prenare an income statement for Mav 2022 through gross nrofit

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