A manufacturer ended April with one job in process (Job 220); its job cost sheet included direct materials of $5,820, direct labor of $2,920, and applied overhead of $3,504. The company uses a predetermined overhead rate of 120% of direct labor cost to apply overhead. In May, Job 220 was sold for $27,720 (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. Complete this question by entering your answers in the tabs below. Prepare journal entries for the selected May transactions and events a through e. a. Use of direct materials. b. Use of direct labor. c. Overhead applied. d. Sale of Job 220. e. Cost of goods sold for Job 220. Hint: Job 220 has costs from April and May. A manufacturer ended April with one job in process (Job 220); its job cost sheet included direct materials of $5,820, direct labor of $2,920, and applied overhead of $3,504. The company uses a predetermined overhead rate of 120% of direct labor cost to apply overhead. In May, Job 220 was sold for $27,720 (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. Complete this question by entering your answers in the tabs below. 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.) A manufacturer ended April with one job in process (Job 220); its job cost sheet included direct materials of $5,820, direct labor of $2,920, and applied overhead of $3,504. The company uses a predetermined overhead rate of 120% of direct labor cost to apply overhead. In May, Job 220 was sold for $27,720 (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. Complete this question by entering your answers in the tabs below. Prepare journal entries for the selected May transactions and events a through e. a. Use of direct materials. b. Use of direct labor. c. Overhead applied. d. Sale of Job 220. e. Cost of goods sold for Job 220. Hint: Job 220 has costs from April and May. A manufacturer ended April with one job in process (Job 220); its job cost sheet included direct materials of $5,820, direct labor of $2,920, and applied overhead of $3,504. The company uses a predetermined overhead rate of 120% of direct labor cost to apply overhead. In May, Job 220 was sold for $27,720 (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. Complete this question by entering your answers in the tabs below. 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.)