32000 Job 34 EVELYN-BERT Manufacturing employs a job order cost accounting system and keeps perpetual inventory records. The following transactions occurred in January 2020: 1. Direct materials requisitioned during the month: Job 33 $40,000 Job 34 Job 35 48,000 $120,000 2 Direct labor incurred and charged to jobs during the month was: Job 33 $64,000 56000 Job 35 40.000 $160.000 3. Manufacturing overhead was applied to jobs worked on using a predetermined overhead rate based on 75% of direct labor costs. 4. Actual manufacturing overhead costs incurred during the month amounted to $132,000. 5. Job 33 consisting of 1,000 units and Job 35 consisting of 200 units were completed during the month. EVELYN-BERT has the following accounts in its ledger: Work in Process Inventory Raw Materials Inventory Manufacturing Overhead Finished Goods Inventory Factory Labor 3. Manufacturing overhead was applied to jobs worked on using a predetermined overhead rate based on 75% of direct labor costs. 4. Actual manufacturing overhead costs incurred during the month amounted to $132,000. 5. Job 33 consisting of 1,000 units and Job 35 consisting of 200 units were completed during the month. EVELYN-BERT has the following accounts in its ledger: Work in Process Inventory Raw Materials Inventory Manufacturing Overhead Finished Goods Inventory Factory Labor Instructions a. Prepare journal entries to record the above transactions. Your answers must include a comma, e.g.. 9,000 NOT 9000, if applicable. No abbreviations. No dollar signs ($) in the general Journal All misspelled accounts will be marked incorrect. No special character (e....-). Ignore the period and 2 places for cents (le, .00). DATE PR DEBIT CREDIT ACCOUNTING TITLE Work-in-process invento 1 $120,000 Raw materials inventory $120,000 2 Work-in-process invento $160,000 Factory wages payable $160,000 3 $120,000 Work-in-process invento Manufacturing Overhead $120,000 Manufacturing Overhead $19 non 1. How much manufacturing overhead was applied to Job 35 during the month? 2. Compute the unit cost of Job 33. 3. What is the balance in Work in Process Inventory at the end of the month? 4. Determine if manufacturing overhead was under-or over-applied during the month. 5. How much is the over- or under-applied amount in question 4 above