3. Drew Corp. manufactures mascot uniforms for colleges, universities, and professional sports teams. Since each teams' uniforms are different, Drew Corp. uses a job costing system. At the beginning of the year the firm estimated they would use $140,000 in total overhead. They currently use direct labor hours to allocate OH to jobs. The firm expects they will need 35,000 direct labor hours to cover their production this year. The inventory accounts had the following balances: Additionally, the firm purchased materials worth $86,000. They sold goods costing $303.750 during the period. The firm actually used 30,000 direct labor hours and paid their workers an average of \$7.50/hour. In addition, the firm had the following transactions related to overhead: Actual OH Costs: Indirect Materials $22,900 Indirect Labor $20,000 Other OH Costs $70,000 1. Calculate the DM used in production during the year. 2. Calculate the Goods Available for Sale during the year. 3. Calculate the firm's PDOH. 4. Calculate the OH applied to all jobs during the period. 5. Calculate the Ending Balance of the WIP account. 6. Calculate the level of over/under-applied OH. 7. Write the journal entry to dispose of this variance assuming the amount is insignificant. 8. Write the journal entry to dispose of the variance assuming the amount is significant