Bienstar Company uses job-order costing. During March, the following data were reported:

a. Purchased materials on account: direct materials, $82,000; indirect materials, $10,500.

b. Issued materials: direct materials, $72,500; indirect materials, $7,000.

c. Incurred labor cost: direct labor, $52,000; indirect labor, $15,750.

d. Incurred other manufacturing costs (all payables) of $49,000.

e. Applied overhead on the basis of 125 percent of direct labor cost.

f. Finished and transferred work to Finished Goods Inventory costing $160,000.

g. Sold finished goods costing $140,000 on account for 150 percent of cost.

h. Closed any over- or underapplied overhead to Cost of Goods Sold.

Required:

1. Prepare journal entries to record these transactions.

2. Prepare a T-account for Overhead Control. Post all relevant information to this account. What is the ending balance in this account?

3. Prepare a T-account for Work-in-Process Inventory. Assume a beginning balance of $10,000, and post all relevant information to this account. Did you assign any actual overhead costs to Work-in-Process Inventory? Why or why not?