26 27 28 Makanice Manufacturing, Inc Makanice Manufacturing, Inc., uses a job order cost system. The following data summarize the operations related to production for December 2020 and balances carried forward from November 23 30 31 a December 1, 2020 material inventory 7.800.00 34 December 1, 2020 work in process 35 36 Job Material Direct labore Eastered 35 1150.00 1.725.00 10.00 35 2.240.00 4.632.00 1.600.00 2.750.00 39 3.995.00 45 41 December 1, 2020 Finished goods 42 + 43 Job 46 21 24 Materials 5.120.00 4.800.00 9,920.00 Direct labe Factgehend 4.100.00 4.320.00 2.775.00 3,420.00 35 255.00 45 46 47 b Material purchased on account in December 21,100.00 c During the month of December the following contespended 1 50 51 52 53 54 55 56 57 56 50 60 61 62 63 25 26 27 28 29 30 31 Materials 3,300.00 2.500.00 3,000.00 2.500.00 2.800.00 1.800.00 4,200.00 19.100.00 Direct labore 3,650.00 900.00 1.950.00 1450.00 1.820.00 1.950.00 3,780.00 15,530.00 Direct labor recorded as a payable d e 1 Factory owerhead costs incurred in December on cont> Factory Overhead is applied on the basis of $1.80 perseret labor dollar Jobs completed in December 25, 26, 27, 28, 29 Jobs shipped and billed to customers an account 12, 24, 25, 26, 27, 28 All jobs are sold on account at 70.markupon cost 65 66 67 60 69 70 71 72 73 74 75 720 77 76 29 80 81 1 2 Instructions: Journalize the transaction reflected in b. Calculate the following December 31 account balances Material inventory Work in process Finished goods d Over or underapplied Factory Overhead Prepare a Statement of Cost of Goods Manufactured for the month ended December 31, 2020 Journaline the entry to close FOH to COGS De Melanie Cartet rended co Met 15 We promene 16 18 Rower Beste $ 2.1 $ 7.00 este for Kreisi Berano Maand TO 100 De H Factory Out 10 15 Tot Manager IE 1T 15 Work in Pretor RE OH Chaalai tamil Mat 10 . 19 W Baterie 23.10 33