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Analyzing Manufocturing Cost Accounts Capton Company...

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Accounting

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Analyzing Manufocturing Cost Accounts Capton Company manufactures custom guitars in a wide variety of styles. The following incomplete iedger accounts refer to transactions that are summarized for May In addition, the following information is avallable: a. Materials and direct labor were applled to the following jobs in May: Factory overhead is applied to each job at a rate of 140% of direct labor cost. The May 1 Work in Prpcess balance consisted of two jobs, as follows: d. Customer jobs completed and units sold in May were as follows: Required: 1. Determine the missing amounts assoclated with each letter and complete the following table. If required, round amounts to the nearest dollar. If an answer is zero, enter in " 0 ". Enter all amounts as positive numbers. Determine the May 31 balances for each of the inventory accounts and factory overhead. Use the minus sign to indicate any credit balances

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