Question: Help please and thank you:) Prepare the balance sheet section of the manufacturing inventories at May 31,2022. Current Attempt in Progress At May 31, 2022,


Prepare the balance sheet section of the manufacturing inventories at May 31,2022. Current Attempt in Progress At May 31, 2022, the accounts of Blossom Company show the following 1. May 1 inventories -finished goods $15,580, work in process $18,140, and raw materials $10,080. 2. May 31 inventories - finished goods $11,780, work in process $19,760, and raw materials $8,760. 3. Debit postings to work in process were direct materials $77,420, direct labor $62,000, and manufacturing overhead applied $49,600. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue totaled $266,600. Prepare the balance sheet section of the manufacturing inventories at May 31,2022. Current Attempt in Progress At May 31, 2022, the accounts of Blossom Company show the following 1. May 1 inventories -finished goods $15,580, work in process $18,140, and raw materials $10,080. 2. May 31 inventories - finished goods $11,780, work in process $19,760, and raw materials $8,760. 3. Debit postings to work in process were direct materials $77,420, direct labor $62,000, and manufacturing overhead applied $49,600. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue totaled $266,600
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