Question: please help me with this accounting problem.... thanks rate has proven to be salis , Ohiz be following in G. $700,284 PR 16-4B Analyzing manufacturing

rate has proven to be salis , Ohiz be following in G. $700,284 PR 16-4B Analyzing manufacturing cost accounts Lapton Company manufactures custom guitars in a wide variety of styles. The followin piete ledger accounts refer to transactions that are summarized for May: Materials May 31 Requisitions EXCEL TEMPLATE May 1 31 B alance Purchases 105,600 500,000 Work in Process Completed jobs (B) May 31 May 1 IC) 31 31 Balance Materials Direct labor Factory overhead applied (D) 31 Finished Goods 0 May 31 (F) Cost of goods sold May 1 31 Balance Completed jobs Wages incurred 396,000 Wages Payable May 31 Factory Overhead 26,400 May 31 (H) 15,400 122,500 May 1 Factory overhead applied 31 Balance Indirect labor Indirect materials Other overhead 31 In addition, the following information is available A Materials and direct labor were applied to six jobs in May. Chapter 16 ore Costing 825 AFT AFB AF2 Job Ne 101 Quantity Direct Materials Director 102 $ 82.500 380 103 105.400 500 132.000 110.000 104 VY1 400 66,000 1900 105 WY2 650 118.800 66.000 106 AF4 330 66.000 30.800 Total 2,600 $570,700 $378.400 B. Factory overhead is applied to each job at a rate of 50% of direct labor con C. The May 1 Work in Process balance consisted of twojobs, as follows: 101 Work in Process Job No. Style May 1 AF1 526 400 102 AF3 46.000 Total $72.400 D. Customer jobs completed and units sold in May were as follows: Completed Units Sold Job No. Style In May in May 264 101 AF1 X AF3 360 102 103 AF2 VY1 530 104 105 VY2 106 AF4 Sold Instructions 1. Determine the missing amounts associated with each letter. Provide supporting calculations by completing a table with the following headings: May 1 Cost of Work in Direct Direct Factory Total Unit Units Goods Quantity Process Materials Labor Overhead Cost Cost Sold Job No. 2. Determine the May 31 balances for each of the inventory accounts and factory overhead. 1 Income statement Obj. 2 and distributor of accessories for consumer 1 leather cover for tablet in and
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