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Could you please answer question 14, 15 and 16? Thank you Question 14 (1 point) Olson Corp. constructs new homes and uses a job-order costing

Could you please answer question 14, 15 and 16? Thank you image text in transcribed
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Question 14 (1 point) Olson Corp. constructs new homes and uses a job-order costing system. During May, the following transactions occurred: Olson purchased $4,500 of lumber on account. Olson used $3,750 of lumber in production and incurred 50 hours of direct labor at $15 per hour. Depreciation of $1,500 on equipment used to build new houses was recorded. A house that was completed in April at a cost of $150,000 was sold for $180,000 cash. The journal entry to record labor for Olson would include a debit to Finished Goods of $750 debit to Wages Payable of $750 e credit to Finished Goods of $750 debit to WIP of $750

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