Analyzing Manufacturing Cost Accounts Clapton Company manufactures custom guitars in a wide variety of styles. The following incomplete ledg Materials 34,300 May 31 Requisitions May 1 31 Balance Purchases 137,900 Work in Process May 1 Balance (b) 31 Completed jobs 31 Materials (c) 31 Direct labor (d) 31 Factory overhead applied (e) (a) Finished Goods May 1 Balance O May 31 Cost of goods sold (9) 31 Completed jobs (f) Wages Payable May 31 Wages incurred 111,300 Factory Overhead 20,200 May 31 Factory overhead applied (e) May 1 Balance 31 Indirect labor (h) 31 Indirect materials 18,300 31 Other overhead 57,100 In addition, the following information is available: a. Materials and direct labor were applied to the following jobs in May: Job Style Quantity No. Direct Materials Direct Labor 101 AF1 180 $22,520 $14,000 102 AF3 380 38,680 24,000 103 AF2 230 19,320 9,000 104 VY1 240 36,620 23,000 105 VY2 160 23,420 15,000 106 AF41 100 6,100 4,000 Total 1,290 $146,660 $89,000