Hentage Company uses a job.order costing system to assign costs to jobs. It had no work in process or finished goods inventories on hand at the beginning of May. The table below provides data concerning the only three jobs warked on in May. Jobs X and Y were completed in May, howeve, only 150 of the 200 units included in Job X were sold in May, whereas oll w00 of Job Y s units were sold in May, Job Z was not completed by the end of the month. Overhead costs are applied to jobs based on direct lobor hours, and the predotermined overhead fate is 545 per direct laborihour The company's total applied overhead always equals its totat actual overnead Required: 1. Compute the amount of overhead cost that would hove been applied to each job during May 2. Compute the work in process inventory that would be reported in the company's May 31 balance sheet 3. Compute the finished goods inventory that woula be reported in the companys Moy 31 balance sheet. 4. Compute the cost of goods sold thal would be reported in the componys income statement for May Complete this question by entering your answers in the tabs below. Compute the amount of cvernead coit that would have been applied to each job during May. Herithge Company uses.a job-order costing system to assign costs to jobs it had no work in process or finished goods inventories on hand at the beginning of May. The table below provides data concerning the only three jobs worked on in May Jobs X and Y were completed in May, hovever, only 150 of the 200 units included in Job X were sold in May, whereas an 100 of Job Y's unis were sold in May, Job Z was not completed by the end of the month. Overhead costs are applied to jobs based on direct labor hours and the predetermned overnesd rate is 545 per direct labor hour: The company's total applied overhead always equals its total actuol overheod Required: 1. Compute the amount of everhesd cost that would have been applied to eoch job during May. 2. Compute the work in process inveotory that would be reported in the companys May 31 balance sheet. 3. Compute the finished goods inventory that would be reported in Ele companys May 31 balance sheet. 4. Compute the cost of goods sold that would be reported in the companys income statement for May Complete this questien by entering your answers in the tabs below. Compute the work in preceis imentory that woula be reperted in the companyy May 31 balance sheet: Heritage Company uses a job-order costing system to assign costs to jobs it had no work in process or finished goods inventories on hand at the beginning of May. The table below provides dato concerning the only three jobs worked on in May. Jobs X and Y were completed in May; however, only 150 of the 200 units included in Job X were sold in May, whereas all 100 of Job Y 's units were sold in May, Job Z was not completed by the end of the month. Overhead costs are applied to jobs based on direct labor-hours, and the predetermined overhead rate is $45 per direct labor-hour. The company's total applied overheod always equals its total actual overhead. Required: 1. Compute the amount of overhead cost that would have been applied to each job during May 2. Compute the work in process inventory that would be reported in the company's May 31 balance sheet. 3. Compute the finished goods inventory that would be reported in the company's May 31 baiance sheet. 4. Compute the cost of goods sold that would be reported in the company's income statement for May. Complete this question by entering your answers in the tabs below. Compute the finished goods inventory that would be reported in the company's May 31 balance sheet. Hentage Company uses a job-order costing system to assign costs to jobs, it had no work in process or finished goods inventories on hand at the beginning of May. The table below provides data concerning the only three jobs worked on in Moy. Jobs X and Y were completed in May, however, only 150 of the 200 units included in Job X were sold in May, whereas all 100 of Job Y's units were sold in May. Job Z was not completed by the end of the month. Overhead costs are applied to jobs based on direct labor-hours, and the predetermined overhead rate is $45 per direct labor-hout The company's total applied overhead always equals its total actual overhead. Required: 1. Compute the amount of overhead cost that would have been applied to each job during May 2. Compute the work in process inventory that would be reported in the company's May 31 balance sheot. 3. Compute the finished goods inventory that would be teported in the company's May 31 balance sheet 4. Compute the cost of goods sold that would be reported in the company's income statement for May. Complete this question by entering your answers in the tabs below. Compute the cost of goods sold that would be reported in the company's income statement for May