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 31 Balance Purchases Materials 35,200 May 31 141,600 Requisitions (a) Work in Process (b)31 Completed jobs May 1 31 31 31 Balance Materials Direct labor Factory overhead applied (d) May 1 31 Balance Completed jobs Finished Goods May 31 co Cost of goods sold (9) Wages Payable May 31 Wages incurred 125,000 May 1 (e) Balance Indirect labor Indirect materials Other overhead Factory Overhead 23,400 May 31 Factory overhead applied (h) 18,800 75,700 31 31 a. Materials and direct labor were applied to the following jobs in May: Job No. Style AF1 101 Quantity 230 420 102 AF3 103 AF2 180 Direct Materials $25,970 41,880 12,900 38,640 24,180 7,040 $150,610 Direct Labor $17,000 27,000 7,000 28,000 17,000 4,000 $100,000 104 VY: 280 105 VY2 180 106 AF4 130 Total 1,420 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 101 AF1 Work in Process, May 1 $6,600 16,800 102 AF3 Total $23,400 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 "O". Enter all amounts as positive numbers. Job No. Quantity May 1 Work in Process $ 6,600 16,800 Direct Materials $ 25,970 Factory Overhead Total Cost Unit Cost No. 101 No. 102 41,880 No. 103 12,900 Direct Labor $ 17,000 27,000 7,000 28,000 17,000 4,000 $100,000 No. 104 38,640 No. 105 No. 106 24,180 7,040 $150,610 Total $23,400 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 Work in Process Finished Goods Factory Overhead d. Customer jobs completed and units sold in May were as follows: Completed in May Job No. Style 101 AF1 102 AF3 Units Sold in May 184 336 X > 103 AF2 0 104 VY1 235 105 VY2 149 106 AF4 0