Summer Boards Company manufactures surf 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	9,000
	31	Purchases	40,000
	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	(3,000)
	31	Indirect labor	(H)
	31	Indirect materials	2,500
	31	Other overhead	102,900
	31	Factory overhead applied	(E)

In addition, the following information is available:

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

   Job No.		Style	Quantity		Direct Materials			Direct Labor
   No. 0521		SX	100			$5,000			$15,000
   No. 0522		SJ	200			8,500			26,000
   No. 0523		SK	100			3,500			8,000
   No. 0524		T3	125			7,500			25,000
   No. 0525		T6	90			5,600			17,500
   No. 0526		SX	70			2,000			4,500
   		Total	685			$32,100			$96,000

2. Factory overhead is applied to each job at a rate of 120% of direct labor cost.
3. The May 1 Work in Process balance consisted of two jobs, as follows:

   Job No.	Style	Work in Process, May 1
   Job 0521	SX	$1,500
   Job 0522	SJ	4,000
   Total		$5,500

4. Customer jobs completed and units sold in May were as follows:

   Job No.	Style	Completed in May	Units 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 and complete the following table. If required, round amounts to the nearest cent. If an amount is zero, enter in "0". Enter all amounts as positive numbers.

Provide supporting calculations:

Job No.	Quantity	May 1 Work in Process	Direct Materials	Direct Labor	Factory Overhead	Total Cost	Unit Cost	Units Sold	Cost of Goods Sold
No. 0521	fill in the blank 1	$fill in the blank 2	$fill in the blank 3	$fill in the blank 4	$fill in the blank 5	$fill in the blank 6	$fill in the blank 7	fill in the blank 8	$fill in the blank 9
No. 0522	fill in the blank 10	fill in the blank 11	fill in the blank 12	fill in the blank 13	fill in the blank 14	fill in the blank 15	fill in the blank 16	fill in the blank 17	fill in the blank 18
No. 0523	fill in the blank 19		fill in the blank 20	fill in the blank 21	fill in the blank 22	fill in the blank 23		fill in the blank 24	fill in the blank 25
No. 0524	fill in the blank 26		fill in the blank 27	fill in the blank 28	fill in the blank 29	fill in the blank 30	fill in the blank 31	fill in the blank 32	fill in the blank 33
No. 0525	fill in the blank 34		fill in the blank 35	fill in the blank 36	fill in the blank 37	fill in the blank 38	fill in the blank 39	fill in the blank 40	fill in the blank 41
No. 0526	fill in the blank 42		fill in the blank 43	fill in the blank 44	fill in the blank 45	fill in the blank 46		fill in the blank 47	fill in the blank 48
Total	fill in the blank 49	$fill in the blank 50	$fill in the blank 51	$fill in the blank 52	$fill in the blank 53	$fill in the blank 54			$fill in the blank 55

A. $fill in the blank 56

B. $fill in the blank 57

C. $fill in the blank 58

D. $fill in the blank 59

E. $fill in the blank 60

F. $fill in the blank 61

G. $fill in the blank 62

H. $fill in the blank 63

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

Materials	$fill in the blank 64
Work in process	$fill in the blank 65
Finished goods	$fill in the blank 66
Factory overhead	$fill in the blank 67	underapplied