Co. uses a job order cost accounting system. On May 1, the company has no (zero) Work in Process Inventory. During May, a partial summary of job cost dsta shows the following Cost Direct Materials Job 301 Job 302 $22,000 14,000 $18.000 Direct Labor 6,000 Factory Overhead 22?7 2?2? Adelson applies factory overhead cost to jobs at a predetermined factory overhead rate of 80% of Direct Labor Cost. Job No. 301 is completed during the month of May Instructions (a) Complete the following journal entries to record: 1) total cost of direct materials used on jobs 301 and 302, 2) total cost of direct labor used on jobs 301 and 302, 3) the application of factory overhead cost to jobs 301 and 302, 4) the completion of Job No. 301. 1) Cr Dr Work in Process Inventory Raw Materials Inventory Cr Dr 2) Work in Process Inventory Wages Payable Cr Dr 3) Work in Process Inventory Factory Overhead Cr Dr 4) Finished Goods Inventory Work in Process Inventory (b) Calculate the balance of the Work in Process Inventory account on May 31. Please indicate "debit" or "credit' with your