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i Chrome File Edit iew History Bookmarks People Window Help )3896 iD Sun 12:56 PM O /tri WileyPLUS C edugen.wileyplus.com/edugen/lti/main.uni NORT AND Return to Blackboard Accounting Principles, 12c My NCAT PRINTER VERSION BACK Exercise 20-9 (Part Level Submission) At May 31, 2017, the accounts of Lopez Company show the following. Add Module 1. May 1 Inventories finished goods $13,200, work in process $15,000, and raw materials $8,700 2. May 31 Inventories-finished goods $9,800, work in process $16,500, and raw materlals $7,300 3. Debit postings to work in process were direct materials $53,100, direct labor $50,900, and manufacturing overhead applied $42,900 4. Sales revenue totaled $216,500. Exercise 20-9 (Pa (a) Prepore a condensed cost of goods manufactured schedule. LOPEZ COMPANY Cost of Goods Manufactured Schedule Tools Tasks Send MMy User Address Personal Course M ts Attempts: 0 of 15 used SAVE FOR LATER SUBMIT ANSWER The parts of this question must be completed in order. This part w be avalable when you complete the part above.

Explanation / Answer

Work in process, May 1 15000 Direct materials used 63100 Direct labor 50900 Manufacturing overhead applied 42900 Total manufacturing costs 156900 Total cost of work in process 171900 Less: Work in process, May 31 16500 Cost of goods manufactured 155400

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