Direct labor cost Manufacturing overhead app Raw materials inventory Work in process inventory Finished goods inventory Complete the Schedule of Cost of Goods Sold. 2) The Simkins Corporation uses a job-order costing system. The following activities took pla during the month of May: a. Raw materials purchased b. Raw materials (all direct) used in production c. Salaries and wages costs: $40,000 $35,000 $60,000 S30,000 $25,000 $15,000 S50,000 $80,000 Direct labor cost Indirect labor cost Sales salaries d. Factory utility costs e. Depreciation on factory equipment f Advertising expense Manufacturing overhead is applied at the predetermined g. rate of I 50% of direct labor cost. h. Cost of Goods Manufactured for the month i. Cost of Goods Sold for the month $180,000 $150,000 Required Prepare journal entries to record the information given above. Key your entries by the letter through i. over