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Uncoln Brothers Company makes jobs to customer order, During the month of May, the following occurred: a. Materiais were purchased on account for $1,200, b. Materials totaling $43,600 were requis/tioned for use in producing various jobs. C. Direct labor payroll for the month was $26,100 with an average wage of $18 per hour. d. Actuat overhead of $12,450 was incurted and paid in cash. c. Manufacturing overhead is charged to production at the rate of $6,20 per direct labor hour. f. Completed jobs costing $61,750 were transferred to Finished Goods. 9. Jobs cosung $64,200 were sold on account for $80,250. Make the entry to record the revenue from the sale first, followed by the entry to record the cost of the jobs Beainnine balances as of May, 1 were: 2. Calculate the ending balances of
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