Please use the same format so that it is easy to follow

Kim's Asphalt does driveway and parking lot resurfacing work for large commercial clients as well as small residential clients. An inventory of materials and equipment is on hand at all times so that work can start as quickly as possible. Special equipment is ordered as required. On May 1, the Materials and Equipment Inventory account had a balance of $47,000. The Work-in-Process Inventory account is maintained to record costs of work not yet complete. There were two such jobs on May 1 with the following costs. Materials and equipment Direct labor Overhead (applied) Job 27 Highlands Mall $17,025 14,600 5,840 Job 33 Pine Ridge Estates $ 53,600 26,800 10,720 Overhead has been applied at 40 percent of the costs of direct labor. During May, Kim's Asphalt started two new jobs. Additional work was carried out on Jobs 27 and 33, with the latter completed and billed to Pine Ridge Estates. Details on the costs incurred on jobs during May follow. Job Materials and equipment Direct labor (wages payable) 27 $4,100 5,600 33 $5,900 7,850 34 35 $5,700 $4,000 7,000 2,700 Other May Events 1. Received $13,600 payment on Job 24 delivered to customer in April. 2. Purchased materials and equipment for $10,500 on account. 3. Billed Pine Ridge Estates $141,000 and received payment for $130,000 of that amount. 4. Determined that payroll for indirect labor personnel totaled $760. 5. Issued supplies and incidental materials for current jobs costing $265. 6. Recorded overhead and advertising costs for the operation as follows (all cash except equipment depreciation). Property taxes Storage area rental Truck and delivery cost Advertising and promotion campaign Inspections Telephone and other miscellaneous Equipment depreciation $ 660 785 430 710 310 435 560 Required: a. Prepare journal entries to record the flow of costs for operations during May. b. Calculate the amount of over- or underapplied overhead for the month. c. Determine inventory balances for Materials and Equipment Inventory and Work-in-process inventory. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare journal entries to record the flow of costs for operations during May. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit A 1 Cash 13,100 Accounts receivable 13,100 B 02 10,500 Materials and equipment inventory Accounts payable 10,500 Accounts receivable 141,000 Sales revenue 141,000 D 3b Cash 130,000 Accounts receivable 130,000 E 04 760 Manufacturing overhead-Indirect labor Wages payable 760 TI 05 265 Manufacturing overhead Materials and equipment inventory 265 D 3b 130,000 Cash Accounts receivable 130,000 E 04 760 Manufacturing overheadIndirect labor Wages payable 760 F 05 265 Manufacturing overhead Materials and equipment inventory 265 G 06 Manufacturing overhead Selling costsAdvertising Cash Accumulated depreciation H 07 Work-in-processMaterials and equipment Work-in-processDirect labor Work-in-process-Overhead applied Materials and equipment inventory Wages payable Overhead applied 1 08 Cost of installations completed and sold Work-in-processMaterials and equipment Work-in-process Direct labor Work-in-process-Overhead applied Required A Required B Required C Prepare journal entries to record the flow of costs for operations during May. (If no entry is required for a transaction/event, sele journal entry required" in the first account field.) View transaction list Journal entry worksheet Record overhead, advertising and depreciation cost as per the table given above. Note: Enter debits before credits. Transaction General Journal Debit Credit 06 Manufacturing overhead Selling costs-Advertising Cash Accumulated depreciation Record entry Clear entry View general journal Required A Required B Required C Prepare journal entries to record the flow of costs for operations during May. (If no entry is required for a transaction/event, se journal entry required" in the first account field.) View transaction list Journal entry worksheet Record charges to work in process. Note: Enter debits before credits. Transaction Debit Credit 07 General Journal Work-in-processMaterials and quipment Work-in-processDirect labor Work-in-process-Overhead applied Materials and equipment inventory Wages payable Overhead applied Record entry Clear entry View general journal NYUCU NequcUD Required A Required B Required C Prepare journal entries to record the flow of costs for operations during May. (If no entry is required for a transacti journal entry required" in the first account field.) View transaction list Journal entry worksheet A B C D E F G . 1 > Record transfer of Job 33. Note: Enter debits before credits. Transaction General Journal Debit Credit 08 Cost of installations completed and sold Work-in-processMaterials and equipment Work-in-process Direct labor Work-in-process-Overhead applied Record entry Clear entry View general journal 6. Recorded overhead and advertising costs for the operation as follows (all cash except equipment depreciation). Property taxes Storage area rental Truck and delivery cost Advertising and promotion campaign Inspections Telephone and other miscellaneous Equipment depreciation $660 785 430 710 310 435 560 Required: a. Prepare journal entries to record the flow of costs for operations during May. b. Calculate the amount of over- or underapplied overhead for the month. c. Determine inventory balances for Materials and Equipment Inventory and Work-in-process inventory. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the amount of over- or underapplied overhead for the month. 4. Determined that payroll for indirect labor personnel totaled $760, 5. Issued supplies and incidental materials for current jobs costing $265. 6. Recorded overhead and advertising costs for the operation as follows (all cash except equipment depreciation). Property taxes Storage area rental Truck and delivery cost Advertising and promotion campaign Inspections Telephone and other miscellaneous Equipment depreciation $ 660 785 430 710 310 435 560 Required: a. Prepare journal entries to record the flow of costs for operations during May. b. Calculate the amount of over- or underapplied overhead for the month. c. Determine inventory balances for Materials and Equipment Inventory and Work-in-process inventory. Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine inventory balances for Materials and Equipment Inventory and Work-in-process inventory. Materials and equipment inventory Work-in-process inventory Kim's Asphalt does driveway and parking lot resurfacing work for large commercial clients as well as small residential clients. An inventory of materials and equipment is on hand at all times so that work can start as quickly as possible. Special equipment is ordered as required. On May 1, the Materials and Equipment Inventory account had a balance of $47,000. The Work-in-Process Inventory account is maintained to record costs of work not yet complete. There were two such jobs on May 1 with the following costs. Materials and equipment Direct labor Overhead (applied) Job 27 Highlands Mall $17,025 14,600 5,840 Job 33 Pine Ridge Estates $ 53,600 26,800 10,720 Overhead has been applied at 40 percent of the costs of direct labor. During May, Kim's Asphalt started two new jobs. Additional work was carried out on Jobs 27 and 33, with the latter completed and billed to Pine Ridge Estates. Details on the costs incurred on jobs during May follow. Job Materials and equipment Direct labor (wages payable) 27 $4,100 5,600 33 $5,900 7,850 34 35 $5,700 $4,000 7,000 2,700 Other May Events 1. Received $13,600 payment on Job 24 delivered to customer in April. 2. Purchased materials and equipment for $10,500 on account. 3. Billed Pine Ridge Estates $141,000 and received payment for $130,000 of that amount. 4. Determined that payroll for indirect labor personnel totaled $760. 5. Issued supplies and incidental materials for current jobs costing $265. 6. Recorded overhead and advertising costs for the operation as follows (all cash except equipment depreciation). Property taxes Storage area rental Truck and delivery cost Advertising and promotion campaign Inspections Telephone and other miscellaneous Equipment depreciation $ 660 785 430 710 310 435 560 Required: a. Prepare journal entries to record the flow of costs for operations during May. b. Calculate the amount of over- or underapplied overhead for the month. c. Determine inventory balances for Materials and Equipment Inventory and Work-in-process inventory. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare journal entries to record the flow of costs for operations during May. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit A 1 Cash 13,100 Accounts receivable 13,100 B 02 10,500 Materials and equipment inventory Accounts payable 10,500 Accounts receivable 141,000 Sales revenue 141,000 D 3b Cash 130,000 Accounts receivable 130,000 E 04 760 Manufacturing overhead-Indirect labor Wages payable 760 TI 05 265 Manufacturing overhead Materials and equipment inventory 265 D 3b 130,000 Cash Accounts receivable 130,000 E 04 760 Manufacturing overheadIndirect labor Wages payable 760 F 05 265 Manufacturing overhead Materials and equipment inventory 265 G 06 Manufacturing overhead Selling costsAdvertising Cash Accumulated depreciation H 07 Work-in-processMaterials and equipment Work-in-processDirect labor Work-in-process-Overhead applied Materials and equipment inventory Wages payable Overhead applied 1 08 Cost of installations completed and sold Work-in-processMaterials and equipment Work-in-process Direct labor Work-in-process-Overhead applied Required A Required B Required C Prepare journal entries to record the flow of costs for operations during May. (If no entry is required for a transaction/event, sele journal entry required" in the first account field.) View transaction list Journal entry worksheet Record overhead, advertising and depreciation cost as per the table given above. Note: Enter debits before credits. Transaction General Journal Debit Credit 06 Manufacturing overhead Selling costs-Advertising Cash Accumulated depreciation Record entry Clear entry View general journal Required A Required B Required C Prepare journal entries to record the flow of costs for operations during May. (If no entry is required for a transaction/event, se journal entry required" in the first account field.) View transaction list Journal entry worksheet Record charges to work in process. Note: Enter debits before credits. Transaction Debit Credit 07 General Journal Work-in-processMaterials and quipment Work-in-processDirect labor Work-in-process-Overhead applied Materials and equipment inventory Wages payable Overhead applied Record entry Clear entry View general journal NYUCU NequcUD Required A Required B Required C Prepare journal entries to record the flow of costs for operations during May. (If no entry is required for a transacti journal entry required" in the first account field.) View transaction list Journal entry worksheet A B C D E F G . 1 > Record transfer of Job 33. Note: Enter debits before credits. Transaction General Journal Debit Credit 08 Cost of installations completed and sold Work-in-processMaterials and equipment Work-in-process Direct labor Work-in-process-Overhead applied Record entry Clear entry View general journal 6. Recorded overhead and advertising costs for the operation as follows (all cash except equipment depreciation). Property taxes Storage area rental Truck and delivery cost Advertising and promotion campaign Inspections Telephone and other miscellaneous Equipment depreciation $660 785 430 710 310 435 560 Required: a. Prepare journal entries to record the flow of costs for operations during May. b. Calculate the amount of over- or underapplied overhead for the month. c. Determine inventory balances for Materials and Equipment Inventory and Work-in-process inventory. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the amount of over- or underapplied overhead for the month. 4. Determined that payroll for indirect labor personnel totaled $760, 5. Issued supplies and incidental materials for current jobs costing $265. 6. Recorded overhead and advertising costs for the operation as follows (all cash except equipment depreciation). Property taxes Storage area rental Truck and delivery cost Advertising and promotion campaign Inspections Telephone and other miscellaneous Equipment depreciation $ 660 785 430 710 310 435 560 Required: a. Prepare journal entries to record the flow of costs for operations during May. b. Calculate the amount of over- or underapplied overhead for the month. c. Determine inventory balances for Materials and Equipment Inventory and Work-in-process inventory. Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine inventory balances for Materials and Equipment Inventory and Work-in-process inventory. Materials and equipment inventory Work-in-process inventory