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: In addition, the following information is available: a. Materials and direct labor were applied to the following jobs in May: b. Factory overhead is applied to each job at a rate of 140% of direct labor cost. c. The May 1 Work in Process balance consisted of two jobs, as follows: d. Customer jobs completed and units sold in May were as follows: b. Factory overhead is applied to each job at a rate of 140% of direct labor cost. c. The May 1 Work in Process balance consisted of two jobs, as follows: d. Customer jobs completed and units sold in May were as follows: Required: 1. Determine the missing amounts associated with each letter and complete the fol a. Materials Requisitions ! b. Work in Process Beginning Balance \$ c. Direct Materials d. Direct Labor $ e. Factory overhead applied f. Completed jobs g. Cost of goods sold $ h. Indirect labor