Complete the missing amounts and labels in the T-accounts. (Click the icon to view the T-accounts.) . Begin with the Work-in-ProcessCutting T-account, then complete each of the remaining T-accounts. (Abbreviations used: COGS = Cost of Goods Sold, FG = Finished Goods, WIP = Work-in-Process) Work-in-Process Inventory-Cutting 88,000 Transfer out to WIP-Finishing I More info Balance, May 1 Direct Materials 53,000 Direct Labor 10,000 Work-in-Process Inventory-Cutting 36.000 Manufacturing Overhead Balance, May 31 11,0001 Balance, May 1 Transfer out to 0 (a) 53,000 Direct Materials 10,000 Work-in-Process Inventory-Finishing 8.000 130,000 Transfer out to 88,000 WIPPackaging Direct Labor Manufacturing Overhead Balance, May 31 36,000 11,000 Balance, May 1 Transfer in from WIP-Cutting Direct Materials Direct Labor Manufacturing Overhead Balance, May 31 20,000 13,000 Work-in-Process Inventory-Finishing Balance, May 1 8,000130,000 Transfer out to 22,000 21,000 Work-in-Process Inventory-Packaging 3,000 Transfer out to Transfer in from (b) 20,000 Direct Materials Balance, May 1 Transfer in from Direct Labor Manufacturing Overhead Direct Materials 11,000 C) 22,000 21,000 Direct Labor 10.000 Balance, May 31 11.000 Manufacturing Overhead Balance, May 31 35,000 Work-in-Process Inventory-Packaging 3,000 (d) Transfer out to Balance, May 1 Transfer in from (e) 11,000 Direct Materials 10,000 Direct Labor Manufacturing Overhead Balance May 31 11,000 35 000