Farm Equipment Inc produces tractors and other farm mochinery. Each piece of equipment is built to customer specifications. During May, its first month of operation, Fartn Equipment Inc began working on three customer orders: lohs 1,2 and 3. The following transactions occurred during Mayf May 1 Purchased production materials on acuount totaling 5450,000. May 15 Processed material requisitions for the following items: May 30 Processed timesheets showing the following: Nav 30: End of month transactions: Apply pverhead at 160 Ss of direct labor cost (DUC) Job 1 is completed. Tranafer it to Finished Goods. Deivered iob 1 to the curtomer and billes them 5140,0c0. Remember that TWO entries are needed every time we sel irvertary. Ypu hies to make the ertries into T accountu for the above traractions and post them to Job Cost Sheet. De:erm he the fosts ye heve put in for May for each job. Ca culate our acoss arofit on Job 1