Weygandt, Accounting Principles, 13e Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT At May 31, 2020, the accounts of Sheridan Company show the following. 1. May 1 inventories-finished goods $13,600, work in process $17,600, and raw materials $8,500. 2. May 31 Inventories-finished goods $9,800, work in process $17,400, and raw materials $7,700. 3. Debit postings to work in process were direct materials $62,500, direct labor $51,600, and manufacturing overhead applied $40,200. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue totaled $216,000. (a) Prepare a condensed cost of goods manufactured schedule, SHERIDAN COMPANY Cost of Goods Manufactured Schedule . $