Exercise 15-9 (Part Level Submission)

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

1.		May 1 inventoriesfinished goods $15,000, work in process $15,400, and raw materials $8,500.
2.		May 31 inventoriesfinished goods $9,900, work in process $16,900, and raw materials $7,800.
3.		Debit postings to work in process were direct materials $65,000, direct labor $52,500, and manufacturing overhead applied $40,100.
4.		Sales revenue totaled $216,400.

(a)

Prepare a condensed cost of goods manufactured schedule.

(b) Prepare an income statement for May through gross prot. (c) Indicate the balance sheet presentation of the manufacturing inventories at May 31, 2017.

LOPEZ COMPANY Cost of Goods Manufactured Schedule $ $ : $