Summer Boards Company manufactures suft boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions that are summarized for May:

		Materials
May	1	Balance	9000
	31	Purchases	40000
	31	Requisitions	(A)
		Work in Process
May	1	Balance	(B)
	31	Materials	(C)
	31	Direct labor	(D)
	31	Factory overhead applied	(E)
	31	Completed Jobs	(F)
		Finished goods
May	1	Balance	0
	31	Completed jobs	(F)
	31	Cost of goods sold	(G)
		Wages payable
May	31	Wages incurred	110,000
		Factory Overhead
May	1	Balance	-3000
	31	Indirect labor	(H)
	31	Indirect materials	2500
	31	Other overhead	102900
	31	Factory overhead applied	(E)

In addition, the following informaiton is available:

A. Materials and direct labor were applied to six jobs in May:

Job No.	Style	Quantity	Direct Materials	Direct Labor
No. 0521	SX	100	$5000	$15000
No. 0522	SJ	200	8500	26000
No. 0523	SK	100	3500	8000
No. 0524	T3	125	7500	25000
No. 0525	T6	90	5600	17500
No. 0526	SX	70	2000	4500
	Total	685	32100	96000

B. Factory overhead is applied to each job at a rate of 120% of direct labor cost.

C. The May 1 Work in Process balance consisted of two jobs, as follows:

		Work in Process
Job No.	Style	May
Job 0521	SX	$1500
Job 0522	SJ	4000
Total		$5500

D. Customer jobs completed and unites sold in May were as follows:

Job No.	Style	Completed in May	Unites Sold in May
No. 0521	SX	X	80
No. 0522	SJ	X	160
No. 0523	SK		0
No. 0524	T3	X	105
No 0525	T6	X	75
No. 0526	SX		0

Instructions:

1. Determine the missing amounts associated with each letter. Provide supporting calculations by completing a table with the following headings:

Job No.

Quantity

May 1 Work in Process

Direct materials

Direct Labor

Factory overhead

total cost

Unit cost

Units sold

Cost of goods sold

2. Determine the May 31 balances for each of teh inventory accounts and factory overhead.