Analyzing Manufacturing Cost AccountsJagger and Richards Company manufactures custom guitars in a wide variety of styles. The following incomplete ledger accounts refer to transactions that are summarized for October:.cengagenow.com/ilrn/books/waac24h/images/ch19/waac24h_ch19_pr19_4b1.gif”>In addition, the following information is available:Materials and direct labor were applied to six jobs in October:.cengagenow.com/ilrn/books/waac24h/images/ch19/waac24h_ch19_pr19_4b2.gif”>Factory overhead is applied to each job at a rate of 60% of direct labor cost.The October Work in Process balance consisted of two jobs, as follows:.cengagenow.com/ilrn/books/waac24h/images/ch19/waac24h_ch19_pr19_4b3.gif”>Customer jobs completed and units sold in October were as follows:.cengagenow.com/ilrn/books/waac24h/images/ch19/waac24h_ch19_pr19_4b4.gif”>Instructions:1.Determine the missing amounts associated with each letter by completing the table below. If an amount is zero, enter in “0”. Enter all amounts as positive numbers.Job No.StyleQuan-tityOct. 1 Work inProcessDirect MaterialsDirect LaborFactory OverheadTotal CostUnit CostUnits SoldCost of Goods SoldNo. 101X-1150$$37,500$27,000$$$$No. 102X-317548,00033,000No. 103X-222560,00050,000No. 104S-117530,00018,000No. 105S-230054,00030,000No. 106X-415030,00014,000Total1,175$$259,500$172,000$$$a.$b.$c.$d.$e.$f.$g.$h.$2.Determine the October 31 balances for each of the inventory accounts and factory overhead.Materials:$Work in Process:$Finished Goods:$Factory Overhead:$