20. Moriarty Manufacturing Co. uses a job cost accounting system. On May 1, the company has so in its Work in Process (WIP) Inventory account. Moriarty starts work on four Jobs in May (221-224). Jobs 221 and 222 completed on May 30. During May, a summary of production data shows the following: For Direct Materials Cost Direct Labor Cost Factory Overhead Cost Machine hours Job 221 $2,800 $1,600 $2,250 180 Job 222 4,400 2,400 2.750 220 Job 223 2,200 1,400 $??? 140 Job 224 1,300 1,200 $??? 100 Moriarty applies estimated factory overhead cost to jobs using a single predetermined factory overhead rate based on machine hours. Instructions (a) Complete the following four journal entries. Please use the following accounts for your journal entries: WIP Inventory, Raw Materials Inventory, Wages Payable, 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. 4) Record the completion of Jobs 221 and 222. (6) Calculate the balance of the WIP Inventory account on May 31. Please indicate "debit" or "eredit' with your