In 19X1, Jett Company began work on Job No. 218, incurring a direct materials cost of $1,200 and a direct labor cost of $4,209 representing an actual labor rate of $6.10. The factory overhead application rate was $4.75 per direct labor-hour for 19X1. After evaluating 19X1 variances and undertaking further study, management revised the factory overhead application rate in 19X2 to $4.90 per direct labor-hour. After additional material costing $500 and 100 hours of direct labor at a $6.15 labor rate were incurred in January 19X2, Job No. 218 was finished and sold to a customer for $14,000 on account.

Required:

a. Compute the balance in Job No. 218 subsidiary ledger account on December 31, 19X1, when the year ends.

b. Give all journal entries relating to Job No. 218 for 19X2.