5. Smith Corporation has the following information for the month of May. Cost of direct materials used in $65,000 production Direct labor $26,000 Factory overhead $35,000 Work in process, May 1 $20,000 Work in process May 31 $23.000 Finished goods inventory, May 1 $25,000 Finished goods inventory, May 31 $27,000 Cost of goods sold in May equaled a. $121.000 b. $123.000 C. $130,000 d $131,000 9. The factory overhead account at the end of May 2020 shows the following Factory Overhead $ 30,000 86,000 $ 24,000 $ 28,000 Based on this information factory overhead a has been overapplied b. has been underapplied __10. In a job order cost system, which one of the following should equal the balance of the Wor Process Inventory account at the end of the period? a. The total of the amounts transferred from raw materials for the current period b The sum of the cost shown on the job cost shots of unfinished jobs c The total of manufacturing overhead applied to work in process for the period d. The total manufacturing costs for the period - 11. At the end of the year, a balance in the factory overhead account that is considered to be Immaterial is eliminated by adjusting a. Work In Process Inventory b Finished Goods Inventory a Cost of Goods Sold d. Raw Materials inventory