Learning Objective 1 c. $7,000 E20-17 Tracking the flow of costs Complete the missing amounts and labels in the T-accounts. Work-in-Process Inventory-Cutting Balance, May 1 Direct Materials Direct Labor Manufacturing Overhead Balance, May 31 Balance, May 1 Transfer in from Direct Materials Direct Labor. Manufacturing Overhead Balance, May 31, Balance, May 1 Transfer in from Balance, May 1 Transfer in from Balance, May 31 Direct Materials Direct Labor Manufacturing Overhead Balance, May 31 Balance, May 1 Transfer in from Balance, May 31 0 (a) 52,000 10,000 36,000 11,000 Work-in-Process Inventory-Finishing 12,000 130,000 (b) 23,000 (c) 18,000 17,000 Work-in-Process Inventory-Packaging 5,000 (d) (e) 5,000 6,000 12,000 8,000 Finished Goods Inventory 0 (f) (g) 5,000 Transfer out to Cost of Goods Sold 0 () Transfer out to Transfer out to Transfer out to