1 On December 1, two jobs were in process: Job No. 154 and Job No. 155. These jobs had combined direct materials costs of $9,850 and direct labor costs of $15,800. Overhead was applied at a rate that was 75% of direct labor cost. 2 During December, Job Nos. 156, 157, and 158 were started. On December 31, Job No. 158 was unfinished. This job had charges for direct materials $4,300 and direct labor $5,000, plus manufacturing overhead. All jobs, except for Job No. 158, were completed December On December 1, Job No. 153 was in the finished goods warehouse. It had a total cost of $5,300. On December 31, Job No. 157 was the only job finished that was not sold. It had a cost of $4,100. 3 4 Manufacturing overhead was $1,045 underapplied in December List the letters (a) through (m) and indicate the amount pertaining to each letter. Raw Materials Inventory Dec. 1 Beginning balance 18.050 (a) Dec. 31 Requisitions 31 Purchases 17,825 Dec. 31 Ending balance 8,225 Work in Process Inventory Jobs completed Dec. 1 Beginning balance (b) Dec. 31 (f) 31 Direct materials (C 31 Direct labor 9.100 31 Overhead (d) Dec. 31 Ending balance (e Dec. 31 Ending balance (e) Finished Goods Inventory Dec. 1 Beginning balance (g) Dec. 31 Cost of goods sold (i) 31 Completed jobs (h) Dec. 31 Ending balance Factory Labor 12,125 Dec. 31 Dec. 31 Factory wages Wages assigned (k) Manufacturing Overhead Dec. 31 Overhead applied Dec. 31 Indirect materials 3,000 (m) 31 Indirect labor (I) 31 Other overhead 1.845