Work-in-Process Inventory-Cutting Balance, May 1 0 (a) Transfer out to Direct Materials 47,000 COGS Direct Labor 11,000 Manufacturing Overhead 29,000 FG Inventory WIP-Cutting WIP-Finishing WIP-Packaging Balance, May 31 7,000 Work-in-Process Inventory-Finishing Balance, May 1 18,000 120,000 Transfer out to Transfer in from (b) Direct Materials 18,000 Direct Labor (C) Manufacturing Overhead 15,000 Balance, May 31 21,000 Work-in-Process Inventory-Packaging Balance, May 1 7,000(0) Transfer out to Transfer in from (e) Direct Materials 11,000 Direct Labor 1,000 Manufacturing Overhead 14,000 Balance, May 31 13,000 Finished Goods Inventory Balance, May 1 0 (6) Transfer out to Transfer in from (9) Balance, May 31 2,000 Cost of Goods Sold Balance, May 1 0 Transfer in from (h) Balance, May 31 0)