Current Attempt in Progress Acting Droode At May 31, 2022, the accounts of Crane Company show the following Question 6 Accounting rood 1 Question 7 Accounting Dropdo 2. 3. May 1 inventories-finished goods $ 13,200, work in process $ 15,000, and raw materials $8,700. May 31 inventories--finished goods $9,800, work in process $16.500, and raw materials $7.300. Increases to work in process were direct materials $ 63,100, direct labor $50,900, and manufacturing overhead applieds 42.900 Sales revenue totaled $ 216,500 Question 8 Accounting Dropool 4. Question 9 Accountini Dropdow Question 10 Marow Prepare a condensed cost of goods manufactured schedule for May 2022. ctured schedule for CRANE COMPANY Cost of Goods Manufactured Schedule For the Morith Ended May 31, 2022 Work in Process, May 1 15000 Raw Materials. Mav 1 $ 64500 Direct Labor 50900 Manufacturing Overhead Applied 42900 Total Manufacturing Costs 158300 Total Cost of Work in Process 173300 16500 i Less Work in Process, May 31 156800 Cost of Goods Manufactured Prepare an income statement for May 2022 through gross profit, CRANE COMPANY Income Statement (Partial) For the Month Ended May 31, 2022 Sales Revenue 216500 Cost of Goods Sold $ 13200 156800 170000 9800 Less 160200 Cost of Goods Sold $ 56300 Gross Profit Indicate the balance sheet presentation of the manufacturing inventories at May 31, 2022. CRANECOMPANY Balance Sheet (Partial) For the Month Ended May 31.2022 Current Assets Raw Materials Inventory $ 7300 Work in Process Inventory 16500 9800 Finished Goods Inventory $ $ 33600