1. Avaya uses a job costing system. The March cost data were as follows: Raw materials purchased on credit Direct labour costs Raw materials issued to production Actual manufacturing overhead costs Cost of goods manufactured Sales (all on credit) $ 400,800 417,250 368,030 319,680 1,185,700 1,351,200 Machine hours for March were 65,000 hours, and the business applies overhead to production at a rate of $6.00 per machine hour. The beginning raw materials inventory was $46,080. The beginning work in process inventory was $75,870. The beginning and ending finished goods inventories were $121,300 and $100,560 respectively. Required: a) Prepare general journal entries to record the March transactions. b) Was overhead overapplied or underapplied for the month of March? c) Calculate the ending balances of raw materials and work in process. (Hint: Prepare T accounts for inventories.)