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: May 1 Materials 33,300 May 31 134,000 Balance Purchases Requisitions 31 Work in Process May 1 Completed jobs Balance Materials Direct labor Factory overhead applied Finished Goods May 31 May 1 Cost of goods sold Balance Completed jobs 31 Wages Payable May 31 Wages incurred 118,800 Wages Payable May 31 Wages incurred 118,800 Factory Overhead 22,400 May 31 May 1 Factory overhead applied Balance Indirect labor Indirect materials Other overhead 17,800 71,800 In addition, the following information is available: a. Materials and direct labor were applied to the following jobs in May: Job No. 101 102 Style AFI AF3 Direct Labor $15,000 Quantity 190 420 220 27,000 9,000 Direct Materials $21,760 41,140 15,580 35,150 22,290 6,600 $142,520 250 24,000 vi m2 170 16,000 106 AF4 120 4,000 Total 1,370 $95,000 b. Factory overhead is applied to each job at a rate of 140% of direct labor cost. Total 1,370 $142,520 $95.000 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: Job No. Work in Process, May 1 Style 101 AF1 $5,700 102 AF3 16.700 Total $22,400 d. Customer jobs completed and units sold in May were as follows: Completed in May Job No. Style Units Sold in May 101 152 AF1 AF3 AF2 102 103 336 106 Required: 1. Determine the missing amounts associated with each letter and complete the following table. If required, round amounts to the nearest dollar. If an answer is zero, enter in "o". Enter all amounts as positive numbers. May 1 Previcu Check My Work 1 more Check My Work uses remaining Required: 1. Determine the missing amounts associated with each letter and complete the following table. If required, round amounts to the nearest dollar. If an answer is zero, enter in o. Enter all amounts as pour numbers May 1 Work in Process Direct Materials Direct Labor Quantity Cost of Goods Sold Job No. Factory Overhead Total Cost Unit Cost Units Sold 190 $ 21,760 $ 15,000 152 $5,700 16,700 420 41,140 336 220 27,000 9,000 24,000 16,000 15.580 35,150 22,290 250 170 No. 106 120 6,600 4,000 Total 1,370 $22.400 $142,520 $95,000 a. Materials Requisitions s b. Work in Process Beginning Balance s C Direct Materials s d. Direct Labor e. Factory overhead applied 5 f. Completed jobs Pre Check My Work 1 more check My Work uses remaining and Bil Submit Assianmen Total 1,370 $22,400 $142,520 $95,000 a. Materials Requisitions $ b. Work in Process Beginning Balance s c. Direct Materials s d. Direct Labor $ e. Factory overhead applied s f. Completed jobs $ g. Cost of goods sold s h. Indirect labors 2. Determine the May 31 balances for each of the inventory accounts and factory overhead. Use the minus sign to indicate any lasedit balances. Materials ut Work in Process Finished Goods Factory Overhead