Yurman Inc. usesa job-order costing system. During the month of May, the followingtransactions occurred:

May	1	Purchased materials onaccount for $29,670.
	3	Requisitioned materialstotaling $24,500 for use in production. Of the total, $9,200 wasfor Job 58, $8,900 for Job 59, and the remainder for Job 60.
	31	Incurred direct labor forthe month of $32,400, with an average wage of $18 per hour. Job 58used 800 hours; Job 59, 600 hours; and Job 60, 400 hours.
	31	Incurred and paid actualoverhead of $17,880 (credit Various Payables).
	31	Charged overhead toproduction at the rate of $4.80 per direct labor hour.
	31	Completed and transferredJobs 58 and 59 to Finished Goods.
	31	Sold Job 57 (see beginningbalance of Finished Goods) and Job 58 to their respective clientson account for a price of cost plus 40%.

Beginningbalances as of May 1 were:

Materials	$2,300
Work in Process	0
Finished Goods (Job 57)	25,600

	Required:
1.	Prepare journal entries for transactions fromMay 1 through 31.
2.	Prepare brief job-order cost sheets for Jobs58, 59, and 60.
3.	Calculate the ending balance of Raw Materials.$_______________
4.	Calculate the ending balance of Work inProcess. $______________
5.	Calculate the ending balance of FinishedGoods. $________________

	Yurman Inc. Job Order Cost Sheets For theMonth of May
1		Job 58	Job59	Job 60
2
3
4
5

		General Journal
	Date	Account	Post. Ref.	Debit	Credit
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

CHART OF ACCOUNTS
Yurman Inc.
General Ledger
ASSETS 110 Cash 120 Accounts Receivable 131 Supplies 132 Prepaid Insurance 141 Raw Materials 142 Work in Process 143 Overhead Control 144 Finished Goods 170 Land 180 Equipment 181 Accumulated Depreciation LIABILITIES 210 Accounts Payable 220 Wages Payable 230 Various Payables EQUITY 310 Common Stock 320 Retained Earnings	REVENUE 410 Sales Revenue EXPENSES 510 Cost of Goods Sold 520 Insurance Expense 530 Wages Expense 540 Supplies Expense 550 Utilities Expense 560 Depreciation Expense 590 Miscellaneous Expense

Refer to the list below forthe exact wording of text items within your job-order costsheets.

Amount Descriptions
Applied overhead
Direct labor
Direct materials
Total