Journal Entries, T-AccountsLincoln Brothers Company makes jobs to customer order. During the month of May, the following occurred:Materials were purchased on account for $45,620.Materials totaling $40,980 were requisitioned for use in producing various jobs.Direct labor payroll for the month was $25,600 with an average wage of $16 per hour.Actual overhead of $8,870 was incurred and paid in cash.Manufacturing overhead is charged to production at the rate of $5.40 per direct labor hour.Completed jobs costing $59,000 were transferred to Finished Goods.Jobs costing $59,000 were sold on account for $ 73,750. Make the entry to record the revenue from the sale first, followed by the entry to record the cost of the jobs.