B. prepare journal entries to record the events/ transactions 1-8

overhead rats 185%

1. Purchased Raw Materials on account: 2. Materials were requisitioned for the following jobs during the month of May: 3. Paid cash for miscellaneous factory overhead costs: 4. Payroll records show the following assigned labor costs for the month of May: 5. Overhead was applied to all jobs. 6. Jobs A, B, and D were transferred to Finished Goods. 7. Jobs A and B were sold for a combined cash price of: 8. The following overhead costs were incurred during May (credit Prepaid Insurance for the expired factory insurance): Required A. Comnlata tha fallawiaka taL C. Assume beginning balances for WIP and Finished Goods inventories were $11,000 and $47,000, respectively. Given the events recorded by the journal entries, what are the ending May balances for the following account