02. MA Company uses a job cost system in costing its jo bs. In ad dition to the two direct cost categories (dire ct materials and dire ct labor), the company applies manufacturing overhead costs on the basis of dire ct la bor hours worked. For the month of October, 2007, the folowing information was extracted from its accounting records Beginning inventory (1.10.2007)- drect materials $50,000 Beginning inventory, work-in-process (wP)-Job # 123:180.000 Beginning inventory. Work-in-process (WIP)-Job # 125: 125,000 Beginning inventory, work-in-process (WIP) Job # 128:168,000 Total direct materials issued to the various jobs during O ctober were as ollowed a. b. c. d. e. i. Job #123: 50.000 . Job #125: 30.000 ii, Job # 128:3125.000 iv. Job #129: S 55,000 V. Job # 130: L30.000 TOTAL 1290.000 f. Total dire ct labor costs for the month amounted to $52,000, al production workers were paid the same rate, the direct la bor hours (DLH) worked for each job during the month were as follows: i. Job #123: 400 DLH i. Job #125: 600 DLH , Job #128: 1,000 DLH iv. Job #129: 400 DLH V. Job #130:-200 DLH TOTAL 2.600 DLH g. Manufacturing overhead is allocated using a predetermined overhead rate (PO HR). POHR is curently $12 per DLH h. Closin g inventory -direct materals: $60,000 Job #129 and Job #130 remained unfinished on 31.10.2007 Total Actual Manufacturing Overhead a mounted to $30,200 1. For the month of October, manufacturing overhead was: A. 800 overa pplie d 800 underapplied C. 1,200 overa pplie d D. 1,200 underapplied E. None of the a bove 2. Cost of goods manufactured for Job #128 was: A. 157,000 213,000 . 1225,000 D. 233,000 E. None of the above 3. The dollar amount for the closing inventory, wiP of Job #130 was: A. 30,000 B. 34,500 C. 36,500 D. 40,500 E. None of the above 4 Material purchased during O ctober amounted to: A. 290,000 B. 300,000 C 310,000 D. 320,000 E. None of the a bove