The following information reflects Peak Manufacturing Company's job order manufacturing activities for may:

Raw materials purchases ............................. $16,000

Factory payroll cost ....................................... 15,400

Overhead costs incurred

Indirect materials ............................................ 5,000

Indirect labor ................................................... 3,500

The predetermined overhead rate is 150% of direct labor cost. These costs are allocated to the three jobs worked on during May as follows:

Raw materials purchases ............................. $16,000

Factory payroll cost ....................................... 15,400

Overhead costs incurred

Indirect materials ............................................ 5,000

Indirect labor ................................................... 3,500

Other factory overhead ......... 9,500

Job 401 Job 402 Job 403

Balances on April 30

Direct materials ............. $3,600

Direct labor ................... 1,700

Applied overhead........... 2,550

Costs during May

Direct materials ........... 3,550 $3,500 $1,400

Direct labor .................. 5,100 6,000 800

Applied overhead......... ? ? ?

Status on May 31 ........... Finished (sold) Finished (unsold) In process

1. Determine the total cost of :

a. The April 30 inventory of jobs in process

b. Materials used during may

c. Labor used during may

d. Factory overhead incurred and applied during May and amount of any under or over applied overhead on May 31

e. Each job as May 31, the May 31 inventories for both goods in process and finished goods, and the goods sold during May

2. Prepared summary journal entries for the month to record:

a. Materials purchases (on credit), the factory payroll (paid with cash), indirect materials, indirect labor, and the other factory overhead ( paid with cash)

b. Assignments of direct materials, direct labor, and overhead costs to the goods in process account

c. Transfer of each completed job to the finished goods inventory account

d. Cost of goods sold

e. Removal of any under or over applied from factory overhead

3. Prepare the manufacturing statement for May