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Current Attempt in Progress At May 31,2022, the accounts of Crane Company show the...

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Accounting

Current Attempt in Progress
At May 31,2022, the accounts of Crane Company show the following.
May 1 inventories-finished goods $13,200, work in process $15,000, and raw materials $8,700.
May 31 inventories-finished goods $9,800, work in process $16,500, and raw materials $7,300.
Increases to work in process were direct materials $63,100, direct labor $50,900, and manufacturing overhead applied $42,900.
Sales revenue totaled $216,500.Prepare an income statement for may 2022 through gross profit
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