Analyzing Manufacturing Cost Accounts Clapton Company manufactures custom guitars in a wide variety of styles. The following incomplete ledger accounts refer to transactions that are summarized for May Materials 105,600 May 31 (A) May 1 Requisitions Balance May 31 Purchases 500,000 Work in Process May 1 Balance (B) May 31 Completed jobs (F) May 31 Materials (C) May 31 Direct labor (D) May 31 Factory overhead applied (E) Finished Goods o May 31 (G) May 1 Balance Cost of goods sold May 31 Completed jobs (F) Wages Payable May 31 Wages incurred 396,000