$0 Garrison Company, a job-order costing firm, applies overhead to jobs on the basis of machine hours. At the beginning of the year, Garrison estimated total overhead cost, $846,000 and 21,150 machine hours would be used. In October, Garrison worked on three jobs. Data are as follows: Job No. X113 X114 X115 Balance, October 1 $8,450 $0 Direct Material $7,250 $11,300 $19,150 Direct Labour $12,200 $11,500 $20,000 Machine Hours 200 175 500 By October 31, Jobs X113 and X115 were completed. Jobs X110 and X113 were sold. Job X114 remained in process. On October 1, the balance in Finished Goods was $78,000 (consisting of Job X110 for $26,000 and Job X112 for $52,000). Required: 1. Calculate predetermine overhead rate and apply overhead costs to jobs in process during October. 2. Calculate the total cost of each job as of October 31. 3. Calculate the total manufacturing cost for the month of October. 4. Calculate the balance in Work in Process as of October 31. How much is the balance of WIP on October 1? 5. Calculate the balance in Finished Goods as of October 31. How much is the balance of Finished Good on October 1? 6. Calculate the cost of goods manufactured for the month of October. (cf. COGM in week 1 slides) 7. *In October, Garrison incurred $33,250 in manufacturing overhead cost. Is Manufacturing Overhead underapplied or overapplied for the year? Prepare a journal entry to properly dispose of any balance in the Manufacturing Overhead account