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1. Clapton Company manufactures custom guitars in a wide variety of styles. The following incomplete ledger accounts refer to transactions that are summarized for May:

   Materials
   May 1	Balance	31,000	May 31	Requisitions	(a)
   31	Purchases	124,400

   Work in Process
   May 1	Balance	(b)	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	122,500

   Factory Overhead
   May 1	Balance	21,300	May 31	Factory overhead applied	(e)
   31	Indirect labor	(h)
   31	Indirect materials	16,500
   31	Other overhead	98,300

   In addition, the following information is available:

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

      Job No.		Style	Quantity		Direct Materials				Direct Labor
      101		AF1	230			$24,670				$17,000
      102		AF3	370			32,260				23,000
      103		AF2	200			13,600				8,000
      104		VY1	290			34,220				29,000
      105		VY2	170			18,410				16,000
      106		AF4	150			9,200				5,000
      		Total	1,410			$132,360				$98,000

   2. Factory overhead is applied to each job at a rate of 160% of direct labor cost.
   3. The May 1 Work in Process balance consisted of two jobs, as follows:

      Job No.	Style	Work in Process, May 1
      101	AF1	$6,800
      102	AF3	14,500
      Total		$21,300

   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	184
      102	AF3	X	296
      103	AF2		0
      104	VY1	X	244
      105	VY2	X	141
      106	AF4		0

   Required:

   1. Determine the missing amounts associated 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.

   Job No.	Quantity	May 1 Work in Process		Direct Materials		Direct Labor		Factory Overhead		Total Cost		Unit Cost		Units Sold	Cost of Goods Sold
   No. 101		$ 6,800		$ 24,670		$ 17,000		$		$		$				$
   No. 102		14,500		32,260		23,000
   No. 103				13,600		8,000
   No. 104				34,220		29,000
   No. 105				18,410		16,000
   No. 106				9,200		5,000
   Total		$21,300		$132,360		$98,000		$		$						$

   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 of the inventory accounts and factory overhead. Use the minus sign to indicate any credit balances.

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

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