2.	Post your entries to T-accounts. (Dont forget to enter the opening inventory balances above.) Determine the ending balances in the inventory accounts and in the Manufacturing Overhead account.

3.	Prepare a schedule of cost of goods manufactured.

4.	Prepare a journal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold. Prepare a schedule of cost of goods sold.

5.	Prepare an income statement for the year.

6.

Job 218 was one of the many jobs started and completed during the year. The job required $3,600 in direct materials and 400 hours of direct labor time at a rate of $12 per hour. If the job contained 510 units and the company billed at 80% above the unit product cost on the job cost sheet, what price per unit would have been charged to the customer?

Southworth Company uses a job-order costing system and applies manufacturing overhead cost to jobs on the basis of the cost of direct materials used in production. Its predetermined overhead a cost formula that estimated $240,000 of manufacturing overhead for an estimated $160,000 direct material dollars. The following transactions took place during the year (all purchases and services account): The balances in the inventory accounts at the beginning of the year were as follows: Prepare journal entries to record the above data. (Omit the "$" sign in your response.)