Begin with the

$$Work$-$in$-$Processlong dash

Cutting

$$T$-$account, then complete each of the remaining$$ T$-$accounts. $($Abbreviations used: COGS$=$ Cost of Goods$$ Sold, FG$=$ Finished$$ Goods, WIP$=$ Work$-$in$-$Process$)$

Work$-$in$-$Process Inventory$$Cutting

Balance, May $1$

$0$

$84,000$

Transfer out to

WIP$$Cutting

Direct Materials

$54,000$

Direct Labor

$15,000$

Manufacturing Overhead

$32,000$

$$

$$

$$

Balance, May $31$

$17,000$