Begin with the Work-in-ProcessCutting T-account, then complete each of the remaining T-accounts. (Abbreviations used: COGS = Cost of Goods Sol Finished Goods, WIP = Work-in-Process) WIPFinishing Balance, May 1 Direct Materials Direct Labor Manufacturing Overhead Balance, May 31 Work-in-Process Inventory-Cutting 83,000 Transfer out to 49,000 15,000 29,000 10,000 Work-in-Process Inventory-Finishing 8,000 130,000 Transfer out to 83000 24,000 WIPPackaging Balance, May 1 Transfer in from WIP-Cutting Direct Materials Direct Labor Manufacturing Overhead Balance, May 31 16,000 4,000