CULLUMBER COMPANY

$($Partial$)$ Income Statement

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At May $31,2022,$ the accounts of Cullumber Company show the following.

May $1$ inventories$-$finished goods $$13,330,$ work in process $$15,530,$ and raw materials $$8,640.$

May $31$ inventories$-$finished goods $$10,070,$ work in process $$16,880,$ and raw materials $$7,500.$

Debit postings to work in process were direct materials $$66,170,$ direct labor $$53,000,$ and manufacturing overhead applied

$$42,400.($Assume that overhead applied was equal to overhead incurred.$)$

Sales revenue totaled $$227,900.$