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

Materials

May $1$ Balance $34,200$ May $31$ Requisitions $($a$)$

$31$ Purchases $137,200$

Work in Process

May $1$ Balance $($b$)31$ Completed jobs $($f$)$

$31$ Materials $($c$)$

$31$ Direct labor $($d$)$

$31$ Factory overhead applied $($e$)$

Finished Goods

May $1$ Balance $0$ May $31$ Cost of goods sold $($g$)$

$31$ Completed jobs $($f$)$

Wages Payable

May $31$ Wages incurred $120,000$

Factory Overhead

May $1$ Balance $21,100$ May $31$ Factory overhead applied $($e$)$

$31$ Indirect labor $($h$)$

$31$ Indirect materials $18,200$

$31$ Other overhead $73,900$

In addition, the following information is available:

Materials and direct labor were applied to the following jobs in May:

Job No$.$ Style Quantity Direct Materials Direct Labor

$101$ AF$1180$ $$20,580$ $$14,000$

$102$ AF$340039,90025,000$

$103$ AF$221015,3609,000$

$104$ VY$127038,64028,000$

$105$ VY$217022,63016,000$

$106$ AF$41308,8604,000$

Total $1,360$ $$145,970$ $$96,000$

Factory overhead is applied to each job at a rate of $140\%$ of direct labor cost.

The May $1$ Work in Process balance consisted of two jobs, as follows:

Job No$.$ Style Work in Process,

May $1$

$101$ AF$1$ $$5,400$

$102$ AF$315,700$

Total $$21,100$

Customer jobs completed and units sold in May were as follows:

Job No$.$ Style Completed in

May Units Sold

in May

$101$ AF$1$ X $144$

$102$ AF$3$ X $320$

$103$ AF$20$

$104$ VY$1$ X $227$

$105$ VY$2$ X $141$

$106$ AF$40$

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.

Job No$.$ Quantity May $1$

Work in

Process Direct

Materials Direct

Labor Factory

Overhead Total Cost Unit Cost Units Sold Cost of Goods Sold

No$.101$ fill in the blank $1$

$180$

$ $5,400$ $ $20,580$ $ $14,000$ $fill in the blank $2$

$fill in the blank $3$

$fill in the blank $4$

fill in the blank $5$

$fill in the blank $6$

No$.102$ fill in the blank $7$

$400$

$15,70039,90025,000$ fill in the blank $8$

fill in the blank $9$

fill in the blank $10$

fill in the blank $11$

fill in the blank $12$

No$.103$ fill in the blank $13$

$210$

$15,3609,000$ fill in the blank $14$

fill in the blank $15$

fill in the blank $16$

fill in the blank $17$

No$.104$ fill in the blank $18$

$270$

$38,64028,000$ fill in the blank $19$

fill in the blank $20$

fill in the blank $21$

fill in the blank $22$

fill in the blank $23$

No$.105$ fill in the blank $24$

$170$

$22,63016,000$ fill in the blank $25$

fill in the blank $26$

fill in the blank $27$

fill in the blank $28$

fill in the blank $29$

No$.106$ fill in the blank $30$

$130$

$8,8604,000$ fill in the blank $31$

fill in the blank $32$

fill in the blank $33$

fill in the blank $34$

Total fill in the blank $35$

$1,360$

$$21,100$ $$145,970$ $$96,000$ $fill in the blank $36$

$fill in the blank $37$

$fill in the blank $38$

a$.$ Materials Requisitions $fill in the blank $39$

b$.$ Work in Process Beginning Balance $fill in the blank $40$

c$.$ Direct Materials $fill in the blank $41$

d$.$ Direct Labor $fill in the blank $42$

e$.$ Factory overhead applied $fill in the blank $43$

f$.$ Completed jobs $fill in the blank $44$

g$.$ Cost of goods sold $fill in the blank $45$

h$.$ Indirect labor $fill in the blank $46$

$2.$ Determine the May $31$ balances for each of the inventory accounts and factory overhead. Use the minus sign to indicate any credit balances.

Materials $fill in the blank $47$

Work in Process $fill in the blank $48$

Finished Goods $fill in the blank $49$

Factory Overhead $fill in the blank $50$