The Grayson Company Grayson Company makes desks. They have been assigned 3 jobs for the month of May Job 101-100 desks Job 102250 desks Job 103150 desks WP Work in Process for Job 101 was 9.000 on April 30,2022 Materials Job 101 Requisition from warehouse a9 Cherry Wood-450 feet at $25 perfoot. Job 102 Requisition from warehouse 188Oak/ ood -300 feet at $10 per foot. Job 103 Requisition from warehouse 118 MapleWood- 600 feet at $20 perfool. Labor Job 101 -Labor from Time Tiokets-25 hours 35 per hour Job 102 - Labor irom Time Tickets - 15 hours -35 per hour Job 103 - Labor from Time Tickets - 30 hours 35 per hour Overhead Grayson Company estimates that total factory overhead costs will be $40 C.000 for the gear. Direct labor hours are estimated as 25,000 for the year. Overhead will be allooated based on Direct Labor Hours. The direct labor hours and units produced for these jobs are as follows: \begin{tabular}{|c|r|r|} \hline & Direot Labor His Units produoed \\ Job 101 & 25 & 100 \\ Job 102 & 15 & 250 \\ Job 103 & 30 & 150 \end{tabular} \begin{tabular}{|l|} \hline WiP Job Cost Sheet 101 \\ Direct Materials \\ Direot Labor \\ Factory Overhead \\ Total Costs \end{tabular} \begin{tabular}{|l|l|} \hline WP Job Cost Sheet 102 & \multicolumn{1}{|c|}{ Job Cost Sheet 103} \\ Direct Materials & MiP \\ Direct Labor & Direct Materials \\ Factory Overhead \\ Total Costs & Direct Labor \\ & Factory Overhead \\ & Total Costs \\ \hline \end{tabular}