Wong, Solara Custer Products manufactures garden tools. It uses a job costing system that allocates factory overhead on the basis of direct labor-costs Budgeted factory overhead for the year 2018 was $558,000, and management budgeted $372,000 in direct labor costs. The company's tax rate is 21% (Round income tax to the nearest dollar). The trial balance of Custer Products, Inc. on April 30 is as follows Cash! Accounts Receivable $23,000 67,000 101,000 30,000 17.000 7,000 Finished Goods. Work in Process. Materials Prepaid factory Insurance Machinery and Equipment (cost).264,000 Accounts Payable. Common Stock Retained Earnings Total $70,000 97,000 200,000 142,000 $509 000$509000 During May, the following transactions took place May 1 Purchased raw materials for $45,000 and factory supplies for $3,000 on account Record materials and supplies in the materials control account) 2. Recerved a $50,000 loan from First National Bank to be repaid in 5 years 3. Declared a $1,500 cash dividend 3. Issued raw materials to production, $5 $. Paid factory utility bill, $10,230 in cash 15. Received a bill for May's janitorial services, $4,500. This amount has not yet been paid 16. Used factory supplies costing $1,000. (Indirect manufacturing cost) 20. Incurred research & development expense on account $6,000 22 Paid other factory overhead costs, $12,500 23 Incurred selling and administrative expenses on account, $13 250 28. Paid cash dividend, $1.500 25. Incurred payroll costs of $45,000 (not yet paid). Of this amount, $30,000 were direct labor costs and $15,000 indirect labor cost