PR 16-4B Analyzing manufacturing cost accounts Obj. 2 Clapton Company manufactures custom guitars in a wide variety of styles. The following incomplete ledger accounts refer to transactions that are summarized for May: In addition, the following information is available: a. Materials and direct labor were applied to six jobs in May: b. Factory overhead is applied to each job at a rate of 50% of direct labor cost. In addition, the following information is available: a. Materials and direct labor were applied to six jobs in May: b. Factory overhead is applied to each job at a rate of 50% of direct labor cost. c. The May 1 Work in Process balance consisted of two jobs, as follows: d. Customer jobs completed and units sold in May were as follows: PR 16-4B Analyzing manufacturing cost accounts Obj. 2 Clapton Company manufactures custom guitars in a wide variety of styles. The following incomplete ledger accounts refer to transactions that are summarized for May: In addition, the following information is available: a. Materials and direct labor were applied to six jobs in May: b. Factory overhead is applied to each job at a rate of 50% of direct labor cost. In addition, the following information is available: a. Materials and direct labor were applied to six jobs in May: b. Factory overhead is applied to each job at a rate of 50% of direct labor cost. c. The May 1 Work in Process balance consisted of two jobs, as follows: d. Customer jobs completed and units sold in May were as follows