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 Balance Materials 33,800 May 31 135,700 Requisitions (a) 31 Purchases Work in Process Completed jobs (6) May 1 31 Balance Materials Direct labor Factory overhead applied (b) 31 (c) (d) 31 31 (e) Finished Goods May 1 Balance Cost of goods sold (9) O May 31 ( 31 Completed jobs Wages Payable May 31 Wages incurred 123,800 Factory Overhead 22,700 May 31 Factory overhead applied (e) May 1 31 Balance Indirect labor Indirect materials Other overhead 31 18,000 76,000 31 In addition, the following information is available: a. Materials and direct labor were applied to the following jobs in May: Job No. Style 101 AF1 Quantity 230 400 Direct Materials $26,260 38,200 Direct Labor $18,000 26,000 9,000 102 AF3 103 AF2 220 15,580 104 VY1 240 35,040 25,000 105 VY2 180 23,460 17,000 106 AF4 110 5,800 4,000 Total 1,380 $144,340 $99,000 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. Style AF1 Work in Process, May 1 $6,900 15,800 101 102 AF3 Total $22,700 d. Customer jobs completed and units sold in May were as follows: Completed in May Units Sold in May Job No. Style 101 AF1 X 184 102 AF3 X 320 103 AF2 0 104 VY1 202 105 VY2 X 149 106 AF4 0 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 "0". Enter all amounts as positive numbers. May 1 Work in Cost of Goods Sold Direct Materials Direct Labor Factory Overhead Job No. Quantity Process Total Cost Unit Cost Units Sold No. 101 $ 6,900 $ 26,260 $ 18,000 ol No. 102 15,800 38,200 26,000 No. 103 15,580 9,000 No. 104 35,040 25,000 II No. 105 23,460 17,000 No. 106 5,800 4,000 Total $22,700 $144,340 $99,000 $ a. Materials Requisitions $ b. Work in Process Beginning Balance $ C. Direct Materials $ d. Direct Labor e. Factory overhead applied $ f. Completed jobs $ g. Cost of goods sold h. Indirect labor 2. Determine the May 31 balances for each of the inventory accounts and factory overhead. Use the minus sign to indicate any credit balances. Materials VI Work in Process S Finished Goods Factory Overhead