2. Compute the ending balance in the following accounts: a. Raw Materials Inventory b. Work in Process Inventory c. Finished Goods Inventory d. Cost of Goods Sold (unadjusted) e. Manufacturing Overhead 3. Compute the total cost of Jobs 201 and 202 at the end of January. Job Total Cost Number of Job 201 202 uses a Job 202 was started during January. Other select account balances follow (ignore any accounts that are not listed). (a) Purchased $60,000 worth of materials on accout (b) Recorded materials issued to production as follows: Total Cost s 10,500 20,600 6.300 $ 37,400 201 (c) Recorded factory payroll costs from direct labor time tickets that revealed the folkowing: Hours Total Cost 114 $ 2,400 10.100 4,200 16,700 201 394 (d) Applied e) Recorded the following actual manufacturing overhead costs overhead to production at a rate of $26.00 per direct labor hour for 508 actual direct labor hours. S 3,400 Paid in cash 3,800 Factory equipment (d) Applied (e) Recorded the following actual manufacturing overhead costs: overhead to production at a rate of $26.00 per direct labor hour for 508 actual direct labor hours $ 3,400 Paid in cash Factory utiliies Factory insurance 3,800 Factory 2.500 Incurred but not paid 1700 Prepaid policy $11,400 ) Completed Job 201 and transferred it to Finished Goods Inventory (g) Sold Job 200 for $51,300 Job 202 was still in process at the end of January Required 1. Post the preceding transactions to T-accounts. (Note: Capture the offsetting of debits and credits to other accounts such as Cash, Payables, Accumulated Depreciation, and so on in Miscellaneous Accounts.) 21,500 41,000 31/1 31/1 23,000 31/1 Finished Goods Inventory Cost of Goods Sold 23,000 31/1 31/1 Ma ng 31/1 31/1 Miscellaneous Accounts (Cash, Payables, etc.)