A welding company specializes in custom steel frames and uses job costing to account for its operations. The following information is available as of May 1 for the work-in-process inventory account: Job# Direct Materials Direct Labor Man. Overhead Total Cost
304 $3,000 $1,800 $2,520 $7,320
306 4,000 2,100 2,940 9,040
Total Cost 7,000 3,900 5,460 16,360

Welding Company pays an hourly rate of $15 for direct labor. Manufacturing overhead costsare applied to jobs based on the directlabor hours used. During the month of May, Jacob Welding spends$5,800 to purchase materials and $4,650 for manufacturing overhead. The operations in May are summarized below.

Job# Material Requisition summary Time Card Summary (Hours
304 $1,100 40
306 900 30
307 2,800 110
308 750 25
Total 5,550 205

Jobs 304, 306, 307 are completed in May but only Jobs 304 and307 are delivered to customers.

Required:
Prepare the necessary journal entries for May(assuming any over or underapplied manufacturing overhead iswritten off to cost of goods sold account monthly).