Victor Ramos is a contractor specializing in custom-built Jacuzzis. On May 1 2017, his ledger contains the following data. Raw Materials Inventory Work in Process Inventory Manufacturing Overhead $30,000 13,080 2,500 (dr. The $10,000. Subsidiary data for Work in Process Inventory on May 1 include: Manufacturing Overhead account has debit totals of $12,500 and credit totals of Job Cost Sheets Job Manufacturing by Customer Clark Douglas Evans Direct Materials $2,600 2,000 1,100 $5,700 Direct LaborOverhead $2.100 1,200 800 $4,100 $1,680 960 640 $3.280 During May, the following costs were incurred: (a) raw materials purchased on account $4,300, (b) labor paid $8,200, (c) manufacturing overhead paid $1,600 A summary of materials requisition slips and time tickets for the month of May reveals the following Job by Customer Clark Douglas Evans Franz Materials Requisition Slips Time Tickets S 500 800 2,300 1,900 5,500 1,500 S 400 ,000 1,300 2,900 5,600 2,000 $7,600 General use 7,000 Overhead was charged to jobs on the basis of $0.80 per dollar of direct labor cost. The jacuzzis for customers Clark, Douglas, and Evans were completed during May. Each jacuzzi was sold for $15,000 cash. Instructions (a) Prepare journal entries for the May transactions: (i) for purchase of raw materials, factory labor costs incurred, and manufacturing overhead costs incurred; (ii) assign- ment of direct materials, labor, and overhead to production; and (iii) completion of jobs and sale of goods. (b) Post the entries to Work in Process Inventory (c) Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs (d) Prepare a cost of goods manufactured schedule for May