Superior Engine reconditions engines. Its job cost records yield the following information. Superior Engine uses a perpetual inventory system. (Click to view the job order costing records information.) Read the requirements. Requirements Date Requirement 1. Compute Superior Engine's cost of (a) Work in Process Inventory at May 31 and June 30, (b) Finished Goods Inventory at May 31 and June 30, and (c) Cost of Goods Sold for May and June. Prepare the May schedule first. (If an input field is not used in the table, leave the input field empty; do not enter a zero.) Data Table . X Superior Engine Computation of Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold For May and June Total Total Cost Manufacturing Date (a) Work in Process Inventory (b) Finished Goods Inventory (c) Cost of Goods Sold of Job at Cost Added in Job Cost Cost Job No. Job Job Sold Started Finished June May 31 Cost May 31 4 $ 700 3 $ 1,100 1 $ Job 1 4/26 5/7 5/9 $ 1,000 1,700 Job 2 4/3 5/12 5/13 $ 2 1,700 $ 700! 5/29 1.100 5/31 Job 3 $ $ 6/3 Total $ 1.100 Total 2,700 Total Job 4 5/31 6/1 6/1 $ 700 $ 700 Job 5 6/8 6/12 6/14 $ 600 June 30 6 $ 1,400 3 $ 1,100 Job 6 6/23 7/6 7/9 $ 1,400 4 1,400 5 600 Print Done Total 1,400 3.100 Total Total 1. Compute Superior Engine's cost of (a) Work in Process Inventory at May 31 and June 30, (b) Finished Goods Inventory at May 31 and June 30, and (c) Cost of Goods Sold for May and June. 2. Make summary journal entries to record the transfer of completed jobs from Work in Process Inventory to Finished Goods Inventory for May and June. 3. Record the sale of Job 5 on account for $1,500. 4. Compute the gross profit for Job 5. What costs must the gross profit cover? 1,000 Print Done Requirement 2. Make summary journal entries to record the transfer of completed jobs from Work in Process Inventory to Finished Goods Inventory for May and June. (Record debits first, then credits. Exclude explanations from any journal entries.) Record May's entry. Journal Entry Date Accounts Debit Credit May 3,800 Finished Goods Inventory Work in Process Inventory 3,800 Choose from any list or enter any number in the input fields and then click Check