Balance, May 1 Direct Materials Direct Labor Manufacturing Overhead Balance. May 31 Work in Process Inventory--Cutting a) Transfer out to 50,000 5.000 36.000 2.000 Work in Process Inventory --Finishing Balance, May 1 8.000 130,000 Transfer out to Transfer in from Direct Materials Direct Labor Manufacturing Overhead Balance, May 31 (b) 21000 (c) 16.000 16.000 Work In Process Inventory-Packaging 1,000(0) Transfor out to Balance, May 1 Transfor in from Direct Materials Direct Labor Manufacturing Overhead Balance: May 31 9,000 4000 13.000 37000 Finished Goods Inventory Transfer out to Balance May 1 Transfer in from Balance Mayat 0.000 Cost of Goods Sold 0 Balance May Transfer introm Balance May 31 Pint Done number in the mput ids and then click Check Anu Cla Check An Begin with the Work in Process-Cutting T-account, then complete each of the remaining T-accounts. (Abbreviations used COGS = Cost of Goods Sold FG Finished Goods, WIF Work in Process Inventory-Cutting Balance May 1 0 89,000 Transfer out to WIP--Finishing Direct Materials 50,000 Direct Labor 5,000 Manufacturing Overhead 36,000 Balance May 31 2.000 Work in Process Inventory-Finishing Balance May 1 3.000 130 000 Transfer out to WIP Packaging Transfer in from WP.Cutting Direct Materials 21 000 Dit labor Mufacturing Overhead 16 000 8 Balance May 31 15,000 B