COMPREHENSIVE The following information reflects Walczak Company's job order production activities for May. Raw ma is purchases. $16.000 Factory payroll cost. 15.400 Overhead costs incurred Indirect materials. 5.000 Indirect labor. 3.500 Other factory overhead 9.500 Walczak'o predetermined overhead rate is 150% of direct labor cost. Costs are allocated to the three jobs worked on during May as follows. Job 401 Job 402 Job 403 Work in process inventory, April 30 Direct materials $3,600 Direct labor 1.700 Applied overhead 2.550 Costs during May Direct materials 3,550 $3.500 $1.400 Direct labor 5.100 6,000 800 Applied overhead 2 2 3 Status on May 31 Finished (sold) Finished (unsold) In process Required 1. Determine the total cost of: a. The April 30 Inventory of Jobo in process. b. Materials (direct and indirect) used during May. G. Labor (direct and indirect) used during May. d. Factory overhead incurred and applied during May and the amount of any over- or underapplied overhead on May 31. e. The total cost of cooh job as of May 31, the May 31 Inventories of both work in proceso and finished goods, and the cost of goods sold during May. 2. Prepare summarized journal entries for the month to record: a. Materials purchases (on credit), direct materials used in production, direct labor used in production, and overhead applied. b. Actual overhead costs, including indirect materials, Indirect labor, and other overhead costs. c. Transfer of each completed Job to the Finished Goods Inventory account. d. Cost of goods sold. e. The sale (on account) of Job 401 for $35,000. f. Removal of any underapplied or overapplied overhead from the Factory Overhead account. (Apsume the amount