19. Maxon Manufacturing Co uses a job cost accounting system on May 1, the company has so in its Work in Process (WIP) Inventory account. Maxon starts work for Jobs in May 221-224) Jobs 221 and 222 completed on May 30. During May, a summary of production data shows the following: Eer Diest. Materials.Cast Direct Laber-Cast. Enter the Job 221 $4,800 $3,200 SI56 Job 222 2.000 960 Job 223 2,000 5929 Job 224 2.500 1.200 S! Maxon applies estimated factory overhead cost to jobs using a single predetermined factory overhead rate based on a percentage of direct labor costs Instructions (a) Complete the following four joumal entries. Please use the following accounts for your journal entries: WIP Imatory, Raw Materials Inventory, Wapes Pyrale. Factory Overhead and Finished Goods Inventory 1) Record Direct Materials cost for all jobs 2) Record Direct Labor cost for all jobs. 3) Record Factory Overhead Cost applied to all jobs. Record the completion of Jobs 221 and 222. (b) Calculate the balance of the WIP Inventory account on May 31. Please indicate "debitor "eredit with your answer 20 a) List Product Costs for a manufacturing company List 3 examples of Direct Materials (DM) Costs ii) List 2 examples of Direct Labor (DL) Costs ii) List 3 examples of Factory Overhead (FO) Costs: b) List five (5) examples of Period Costs. C) Indicate or circle the Factory Overhead (FO) Costs for a computer manufacturing company in the following list: 1) Factory manager salary. 2) Product packaging materials 3) Factory maintenance supplies. 4 Corporate headquarters janitorspplies 5) Factory assembly line wages. 6) Silicon chips used in products (computers) 7) Wages paid to packaging department employees, 8) Wages paid to factory maintenance technicians, 9) Copier toner and paper used in the corporate headquarters, 10) Depreciation expense on factory robotic equipment