Lincoln Erothers Campany makes jobs to cystomer ordec, During the month d May, the following oceirred: a. Materuals were purchased on account for $45,620. b. Materals totahing $40,850 were requisitioned for use in producing various jobs. c. Direct labor payroll for the month was $25,500 with an average wage of $16 per hout:- d. Actual overhead of $8,850 was incutred and paid in cash. 2. Manufacturing overhead is charged to production at the rate of $5.40 per direct labor hear: 4. Completed jobs costing $58,000 were transletied to finished Goods. 9. Jobs costing $59,000 were sold on account for $73,850. Make the entry to record the revenue from the sole first, followed by the entry ro recard the cost of the jobs. Begining halances as of May it were: 1. Frepare the journal entries for the precedina evwrits. Review how the flow of inventory fiom law mateoals to Work in Mocess to Finshed goods is yournalued