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 avallable: a. Materials and direct labor were applied to six iobs in Mav: W. antwi y uvernead is appued to each job at a rate of 50% 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: d. Customer jobs cempleted end units sold in Moy were as follows: Required: Avmber: May 1 Work in a. Matervats Mequisitiens b. Werk in Preceas Begiening Batance C. thiect Materials A. Direct sathen e. tactary overtiead applied f. Cempieted jobs C. Cest of geside seld ht. Indirect latoor 2. Determune the Mey 31 beiances for eth of the itventecy accoints and foctory ovamead, Entwe al amsunts as besitive numbirs