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1. Analyzing Manufacturing Cost Accounts

   Clapton Company manufactures custom guitars in a wide variety ofstyles. The following incomplete ledger accounts refer totransactions that are summarized for May:

   Materials
   May 1	Balance	105,600	May 31	Requisitions	(a)
   31	Purchases	500,000

   Work in Process
   May 1	Balance	(b)	May 31	Completed jobs	(f)
   31	Materials	(c)
   31	Direct labor	(d)
   31	Factory overhead applied	(e)

   Finished Goods
   May 1	Balance	0	May 31	Cost of goods sold	(g)
   31	Completed jobs	(f)

   Wages Payable
   			May 31	Wages incurred	396,000

   Factory Overhead
   May 1	Balance	26,400	May 31	Factory overhead applied	(e)
   31	Indirect labor	(h)
   31	Indirect materials	15,400
   31	Other overhead	122,500

   In addition, the following information is available:

   1. Materials and direct labor were applied to the following jobsin May:

      Job No.		Style	Quantity		Direct Materials				Direct Labor
      101		AF1	330			$ 82,500				$ 59,400
      102		AF3	380			105,400				72,600
      103		AF2	500			132,000				110,000
      104		VY1	400			66,000				39,600
      105		VY2	660			118,800				66,000
      106		AF4	330			66,000				30,800
      		Total	2,600			$570,700				$378,400

   2. Factory overhead is applied to each job at a rate of 50% ofdirect labor cost.
   3. The May 1 Work in Process balance consisted of two jobs, asfollows:

      Job No.	Style	Work in Process, May 1
      101	AF1	$26,400
      102	AF3	46,000
      Total		$72,400

   4. Customer jobs completed and units sold in May were as follows:

      Job No.	Style	Completed in May	Units Sold in May
      101	AF1	X	264
      102	AF3	X	360
      103	AF2		0
      104	VY1	X	384
      105	VY2	X	530
      106	AF4		0

   Required:

   1. Determine the missing amounts associatedwith each letter by completing the table below. If required, roundyour unit cost to two decimal places. If an answer is zero, enterin "0". Enter amounts as positive numbers.

   Job No.	Style	Quan- tity		May 1 Work in Process		DirectMaterials			DirectLabor		FactoryOverhead		TotalCost		UnitCost		UnitsSold		Cost ofGoods Sold
   No. 101	AF1	330		$		$82,500			$59,400		$		$		$				$
   No. 102	AF3	380				105,400			72,600
   No. 103	AF2	500				132,000			110,000
   No. 104	VY1	400				66,000			39,600
   No. 105	VY2	660				118,800			66,000
   No. 106	AF4	330				66,000			30,800
   Total		2,600		$		$570,700			$378,400		$		$						$

   a. Materials Requisitions $

   b. Work in Process Beginning Balance $

   c. Direct Materials $

   d. Direct Labor $

   e. Factory overhead applied $

   f. Completed jobs $

   g. Cost of goods sold $

   h. Indirect labor $

   2. Determine the May 31 balances for each ofthe inventory accounts and factory overhead. Enter all amounts aspositive numbers.

   Materials	$
   Work in Process	$
   Finished Goods	$
   Factory Overhead	$