' ' e following information reects Walczak Company's job order production activities for May. _ m m :34 Indirect Labor ' Other Factory 0H fr. '- alczak's predetermined 0H rate is 150% of DL cost. Costs are allocated to the three jobs worked on uring May as follows: mm __ __ __- ___ _ _ '5. " 'f-"zx REQUIRED: _ . ' ' 1. Determine the total cost of: . mm I a. The April 30 inventory ofjobs in process ' b. Materials (direct and indirect) used during May u c. Labor (direct and indirect) used during May '. .- _ d. Factory 0H incurred and applied during May and the amount of any over or under? applied OH on May 31. a. Materials purchases (on credit}, 0M used in production, DL used in production, and 0H applied Actual 0H costs, including indirect materials, indirect labor and other 0H costs Transfer or each completed job to the Finished Goods Inventory account Cost of Goods Sold The sale (on account) of Job 401 for $35,000 Removal of any underapplied or overapplied 0H from the Factory 0H account. oer-Inst Prepare a schedule of Cost of Goods manufactured in May