At May 31, 2020, the accounts of Lopez Company show the following. 1. May 1 inventories—finished goods $15,100, work in process $15,900, and raw materials $8,600. 2. May 31 inventories—finished goods $9,700, work in process $16,400, and raw materials $7,900. 3. Debit postings to work in process were direct materials $63,800, direct labor $51,600, and manufacturing overhead applied $40,100. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue totaled $216,400. Prepare a condensed cost of goods manufactured schedule. LOPEZ COMPANY

Analyzing operational changes operating results for department b of delta company during 2016 are as follows: sales $540,000 cost of goods sold 378,000 gross profit 162,000 direct expenses 120,000 common expenses 66,000 total expenses 186,000 net loss $(24,000) suppose that department b could increase physical volume of product sold by 10% if it spent an additional $18,000 on advertising while leaving selling prices unchanged. what effect would this have on the department's net income or net loss? (ignore income tax in your calculations.) use a negative sign to indicate a net loss answer; otherwise do not use negative signs with your answers. sales $answer cost of goods sold answer gross profit answer direct expenses answer common expenses answer total expenses answer net income (loss) $answer