3. Mallie Mills Muffins uses a Process Costing System. Calculate the cost per muffin for August based for the following information: Beginning Work in Process Inventory 30,000 muffins Muffins placed in Process 500,000 muffins Ending Work in Process 50,000 muffins The ending work in process invento is 100% complete as to Direct Material and 70% complete as to Direct Labor and Manufacturing Overhead. Manufacturing costs for August: Direct Material $200,000 Direct Labor $100,000 Manufacturing overhead $40,000 4. Sparrow's Sneakers charged $120,000 in Manufacturing Overhead to jobs in July. The Actual Manufacturing Overhead for July was $150,000. The balance in Work in Process inventory was $200,000, The balance in Finished Goods Inventory was $300,000 and the balance in Cost of Goods Sold was $500,000 Prepare the appropriate adjusting journal entry and post it to the general ledger.