24.) Penguin Ine. manufactures highly customized penguin statues and seulptures for a variety of uses, including as memorabilia for fans of the Pittsburgh Penguins hockey team. Penguin Inc. utilizes a job-order costing system for customer jobs, March 31 inventory of raw materials is $86,000. Raw materials purchases in April are $570,000. and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $3,000; indirect labor, $23,000; factory rent, $38,000; factory utilities, \$20,000; and factory equipment depreciation, $57,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $690,000 cash in April. Job 307 was completed but was unsold at the end of April, and Job 308 was still in process at the end of April. Cost detail of the three jobs worked on in April follow. Required: Compute the following amounts/answer the questions for the month of April: a. Ending balance of Raw Materials inventory b. Total cost of Job 306 c. Total cost of Job 307 d. Total cost of Job 308 (to date) e. Ending Work-In-Process inventory (all jobs) f. Ending Finished Goods iuventory g. Is overhead overapplied or underapplied? h. Amount of overapplied or underapplied overhead i. Prepare the journal entry to write off the overhead variance