A manufacturer ended April with one job in process $($Job $220)$; its job cost sheet included direct materials of $$5,620,$ direct labor

of $$2,720,$ and applied overhead of $$3,264.$ The company uses a predetermined overhead rate of $120\%$ of direct labor cost to

apply overhead. In May, Job $220$ was sold for $$27,520($on credit$).$ Also in May, Jobs $221$ and $222$ were started. Job $221$ was

completed in May and Job $222$ is in process at the end of May. The company incurs the following costs in May.

Direct materials used

Direct labor used

Job $220$

Job $221$

Job $222$

$$2,255$

$$7,225$

$$2,420$

$2,320$

$3,820$

$2,820$

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Required $2$

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 $30.)$