Damon Manufacturing Co. uses a predetermined overhead rate of 150% of direct labor cost. The company's production activities for the month of May are as follows: $ $ $ $ 1. Purchased Raw Materials on account, $225,000. 2. Materials were requisitioned for the following jobs during the month of May: Job A $ 41,000 Job B $ 37,000 Job C 25,000 Job D 29,000 Job E $ 31,000 Total Direct Materials $ 163,000 Indirect Materials Used 17,000 Total Materials Used 180,000 3. Paid $22,300 cash for miscellaneous factory overhead costs. 4. Payroll records show the following assigned labor costs for the month of May: Job A $ 8,950 Job B $ 7,700 Job C $ 26,100 Job D $ 28,900 Job E $ 3,700 Total Direct Labor $ 75,350 Indirect Labor $ 2,120 Total Labor 77,470 5. Overhead was applied to Jobs A and C. 6. Jobs listed in part 5 were transferred to Finished Goods. 7. Jobs A and C were both sold for a combined price of $355,000 cash. 8. The following overhead costs were incurred during May (credit Prepaid Insurance for the expired factory insurance): Property Taxes Payable $ 27,000 Depreciation of Factory Building $ 35,500 Expired Factory Insurance $ 6,500 Depreciation of Factory Equipment $ 22,300 9. Applied overhead to jobs in Work in Process Inventory at month end. $ A. Complete the following job cost sheets for each individual job: JobA Direct Material Direct Labor Overhead Total Costs Job B Direct Material Direct Labor Overhead Total Costs Job C Direct Material Direct Labor Overhead Total Costs Job D Direct Material Direct Labor Overhead Total Costs Job E Direct Material Direct Labor Overhead Total Costs B. Prepare journal entries to record the events/transactions 1 through 9. Transaction Accounts Debit Credit C. Assume beginning balances for WIP and Finished Goods inventories were $7,000 and $44,000, respectively. Given the events recorded by the journal entries, what are the ending May balances for the following account? Cost of Goods Sold Work in Process Inventory Finished Goods Inventory