1. The Premier Manufacturing Company uses a job order costing system. The following data relate to the month of May: a. Raw materials purchased with cash $80,000. b. Direct materials issued to production, $79,000. C. Indirect materials issued to production, $2,500. d. Direct labor cost incurred, $61,000. e. Additional actual manufacturing overhead costs totaled incurred $68,000 for the month (credit Accounts Payable). f. Overhead is applied on a basis of per machine-hour. Estimated total overhead is $80,000, and estimated total machine hours is 40,000. In May, 25,000 machine hours were recorded. 8. Depreciation expense for factory equipment is $2,000 and office furniture is $1,500. h. Production orders costing $200,000 were completed during the month. i. During the month, sales invoiced were $94,500. The company uses a 35% mark-up above cost. Required: 1. Prepare journal entries to record the information above. 2. Compute the ending balance of work in process. The beginning balance was $15,000. 3. Compute the over applied or under applied manufacturing overhead