Yurman Inc. uses a job-order costing system. During the month of May, the following transactions occurred:

May	1	Purchased materials on account for $29,760.
	3	Requisitioned materials totaling $24,450 for use in production. Of the total, $9,200 was for Job 58, $8,930 for Job 59, and the remainder for Job 60.
	31	Incurred direct labor for the month of $31,110, with an average wage of $17 per hour. Job 58 used 790 hours; Job 59, 620 hours; and Job 60, 420 hours.
	31	Incurred and paid actual overhead of $17,840 (credit Various Payables).
	31	Charged overhead to production at the rate of $4.70 per direct labor hour.
	31	Completed and transferred Jobs 58 and 59 to Finished Goods.
	31	Sold Job 57 (see beginning balance of Finished Goods) and Job 58 to their respective clients on account for a price of cost plus 40%.

Beginning balances as of May 1 were:

Materials	$2,300
Work in Process	0
Finished Goods (Job 57)	25,570

	Required:
1.	Prepare journal entries for transactions from May 1 through 31.
2.	Prepare brief job-order cost sheets for Jobs 58, 59, and 60.
3.	Calculate the ending balance of Raw Materials.
4.	Calculate the ending balance of Work in Process.
5.	Calculate the ending balance of Finished Goods.

GENERAL JOURNAL

	DATE	ACCOUNT	POST. REF.	DEBIT	CREDIT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

Yurman Inc.

Job-Order Cost Sheets

For the Month of May

1		Job 58	Job 59	Job 60
2
3
4
5

3. Calculate the ending balance of Raw Materials.

Raw Materials ending balance is.

4. Calculate the ending balance of Work in Process.

Work in Process ending balance is.

5. Calculate the ending balance of Finished Goods.

Finished Goods ending balance is