At May 31, 2014, the accounts of Mantle Company show the following. 1. May 1 inventories—finished goods $12,600, work in process $14,700, and raw materials $8,200. 2. May 31 inventories—finished goods $9,500, work in process $17,900, and raw materials

1.

May 1 inventories—finished goods $12,600, work in process $14,700, and raw materials $8,200.

2.

May 31 inventories—finished goods $9,500, work in process $17,900, and raw materials $7,100.

3.

Debit postings to work in process were direct materials $62,400, direct labor $32,000, and manufacturing overhead applied $40,000.

4.

Sales revenue totaled $20,000.