Clapton Company manufactures custom guitars in a wide variety of styles. The following incomplete ledger accounts refer to transactions that are summarized for May:

Cengage Learning Cengage Learning co Calculator 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 27.900 May 31 111.900 Balance Purchases Requisitions Work in Process (b)31 May 1 Completed jobs Balance Materials Direct labor Factory overhead applied Finished Goods May 31 May 1 Cost of goods sold Balance Completed jobs Wages Payable May 31 Wages incurred Factory Overhead Cengage Learning Cengage Learning eBook Calculator Print Item Factory Overhead 21,200 May 31 May 1 Factory overhead applied Balance Indirect labor Indirect materials Other overhead 14,900 104,200 In addition, the following information is available: a. Materials and direct labor were applied to the following jobs in May. Job No. Style Quantity 170 Direct Materials $16,590 AF1 AF3 33,100 13.080 33,040 16,050 7.220 Direct Labor $12,000 26,000 9,000 28,000 14,000 5,000 AF4 140 1,350 Total $119.080 $94.000 b. Factory overhead is applied to each job at a rate of 170% of direct labor cost. c. The May 1 Work in Process balance consisted of two jobs, as follows Work in Process, ... Job No Style Cengage Learning Cengage Learning eBook Calculator Print Item b. Factory overhead is applied to each job at a rate of 170% of direct labor cost. c. The May 1 Work in Process balance consisted of two jobs, as follows: Job No. Style Work in Process, May 1 $4,900 101 AF1 102 AF3 16,300 Total $21,200 d. Customer jobs completed and units sold in May were as follows: Completed in May Job No. Style 101 AF1 AF3 Units Sold in May 136 320 x x AF2 VY1 VY2 x 235 x 106 AF4 o Cengage Learning Cengage Learning Bock Calculator Required 1. Determine the missing amounts associated with each other and complete the following table. If required, round amount to the nearest della Enter all amounts as positive numbers per entering May 1 Work in Process Direct Cost of Goods Sold Direct Materials Job Ne 54.900 No. 101 No. 102 $ 12.000 26.000 16.00 23.100 No. 100 13.00 9.000 No, 100 33,040 28.000 No. 105 16.050 14,000 7320 5.000 No. 106 1.350 1.200 $119.000 .000 Hatereg b. Work in Process Beginning Balance Direct Materials d. Direct Labor - Factory overhead applied eBook No. 104 Calculator 200 Print item 33,040 28,000 No. 105 16,050 14,000 No. 106 7.220 5,000 Total 1,350 $21,200 $119,080 $94.000 a. Materials Requisitions $ b. Work in Process Beginning Balance s c. Direct Materials d. Direct Labor e. Factory overhead applied f. Completed jobs 9. Cost of goods sold h. Indirect labor 2. Determine the May 31 balances for each of the inventory accoun and factory overhead. Use the minus sign to indicate any credit balances Materials Work in process Finished Goods Factory Overhead Check My Worlamore Chery Wom Cengage Learning Cengage Learning co Calculator 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 27.900 May 31 111.900 Balance Purchases Requisitions Work in Process (b)31 May 1 Completed jobs Balance Materials Direct labor Factory overhead applied Finished Goods May 31 May 1 Cost of goods sold Balance Completed jobs Wages Payable May 31 Wages incurred Factory Overhead Cengage Learning Cengage Learning eBook Calculator Print Item Factory Overhead 21,200 May 31 May 1 Factory overhead applied Balance Indirect labor Indirect materials Other overhead 14,900 104,200 In addition, the following information is available: a. Materials and direct labor were applied to the following jobs in May. Job No. Style Quantity 170 Direct Materials $16,590 AF1 AF3 33,100 13.080 33,040 16,050 7.220 Direct Labor $12,000 26,000 9,000 28,000 14,000 5,000 AF4 140 1,350 Total $119.080 $94.000 b. Factory overhead is applied to each job at a rate of 170% of direct labor cost. c. The May 1 Work in Process balance consisted of two jobs, as follows Work in Process, ... Job No Style Cengage Learning Cengage Learning eBook Calculator Print Item b. Factory overhead is applied to each job at a rate of 170% of direct labor cost. c. The May 1 Work in Process balance consisted of two jobs, as follows: Job No. Style Work in Process, May 1 $4,900 101 AF1 102 AF3 16,300 Total $21,200 d. Customer jobs completed and units sold in May were as follows: Completed in May Job No. Style 101 AF1 AF3 Units Sold in May 136 320 x x AF2 VY1 VY2 x 235 x 106 AF4 o Cengage Learning Cengage Learning Bock Calculator Required 1. Determine the missing amounts associated with each other and complete the following table. If required, round amount to the nearest della Enter all amounts as positive numbers per entering May 1 Work in Process Direct Cost of Goods Sold Direct Materials Job Ne 54.900 No. 101 No. 102 $ 12.000 26.000 16.00 23.100 No. 100 13.00 9.000 No, 100 33,040 28.000 No. 105 16.050 14,000 7320 5.000 No. 106 1.350 1.200 $119.000 .000 Hatereg b. Work in Process Beginning Balance Direct Materials d. Direct Labor - Factory overhead applied eBook No. 104 Calculator 200 Print item 33,040 28,000 No. 105 16,050 14,000 No. 106 7.220 5,000 Total 1,350 $21,200 $119,080 $94.000 a. Materials Requisitions $ b. Work in Process Beginning Balance s c. Direct Materials d. Direct Labor e. Factory overhead applied f. Completed jobs 9. Cost of goods sold h. Indirect labor 2. Determine the May 31 balances for each of the inventory accoun and factory overhead. Use the minus sign to indicate any credit balances Materials Work in process Finished Goods Factory Overhead Check My Worlamore Chery Wom