A Company has a in job in process (Job Bee) as of April 30, at that time, direct materials of $7,200, direct labor of $3,500, and applied overhead of $2,800. The apply overhead at the rate of 80% of direct labor cost. During May, Job Bee is sold (on credit) for $22,000, Job Jayz is started and completed, and Job Royal is started and still in process at the end of May. They incur the following costs during May. 1. Prepare journal entries for the following May transactions and events a through e a. Direct materials used. b. Direct labor used. c. Overhead applied. d. Sale of Job Bee. e. Cost of goods sold for Job Bee. 2. Compute the May 31 balances of the Work in Process Inventory and the Finished Goods Inventory accounts. (There were no jobs in Finished Goods Inventory at April 30. Work in Process (show your work) Ending Goods Inventory (show your work) Prepare fournal entries for the following July transactions and events a through e