43:33 ped Reyes Manufacturing Company uses a job order cost system. At the beginning of January, the company had one job in process (Job 201) and one job completed but not yet sold (Job 200). Job 202 was started during January. Other select account balances follow (Ignore any accounts that are not listed). During January, the company had the following transactions a. Purchased $60,000 worth of materials on account b. Recorded materials Issued to production as follows Book Print Job Number Total Cost 201 202 Indirect materials $ 12,000 20,600 6,500 $ 39,100 c. Recorded factory payroll costs from labor time tickets that revealed the following: Job Number Hours Total cost 201 202 109 386 erences Factory supervision $ 2,600 11,000 4,500 $18,100 d. Applied overhead to production at a rate of $26.00 per direct labor hour for 495 actual direct labor hours. e. Recorded the following actual manufacturing overhead costs: Iten Total Cost Description Factory rent $ 3,400 Paid in cash Depreciation 3,400 Factory utilities 3,900 Factory insurance 2,100 Factory equipment Incurred but not paid Prepaid policy $ 12,000 f Completed Job 201 and transferred it to Finished Goods Inventory g. Sold Job 200 for $51,200. Job 202 was still in process at the end of January Required: 1. Post the preceding transactions to T-accounts. (Note: Capture the offsetting of debits and credits to other accounts such as Cash, Payables, Accumulated Depreciation, and so on In Miscellaneous Accounts.) 2. Compute the ending balance in the following accounts: e. Raw Materials Inventory b. Work in Process Inventory c. Finished Goods Inventory d. Cost of Goods Sold (unadjusted). e. Manufacturing Overhead (Specify if overhead is overapplied or underapplied). 3. Compute the total cost of Jobs 201 and 202 at the end of January art 20 Saved 1. Completed JUD 201 dniu dristered it to Finished GOUUS inventory. g. Sold Job 200 for $51,200 Job 202 was still in process at the end of January Required: 1. Post the preceding transactions to T-accounts. (Note: Capture the offsetting of debits and credits to other accounts such as Cash. Payables, Accumulated Depreciation, and so on in Miscellaneous Accounts.) 2. Compute the ending balance in the following accounts a. Raw Materials Inventory. b. Work In Process Inventory. c. Finished Goods Inventory. d. Cost of Goods Sold (unadjusted). e. Manufacturing Overhead (Specify if overhead is overapplied or underapplied). 3. Compute the total cost of Jobs 201 and 202 at the end of January Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Post the preceding transactions to T-accounts. (Note: Capture the offsetting of debits and credits to other accounts such as Cash, Payables, Accumulated Depreciation, and so on in Miscellaneous Accounts.) Raw Materials Inventory Work in Process Inventory Debit Credit Debit Credit 1/1 42,000 1/1 20.500 Balance 42,000 Debit 1/1 Finished Goods Inventory 26,000 Balance 26,000 Manufacturing Overhead Balance 20,500 Cost of Goods Sold Credit Debit Credit 1/1 Balance Sales Revenue < Prev 7 of 11 Next > 20 MUITIVE. Debit 1/1 Finished Goods Inventory 26,000 Balance 26,000 Balance 20,500 Cost of Goods Sold Credit Debit Credit 1/1 Manufacturing Overhead Debit Credit 1/1 Balance 0 Miscellaneous Accounts (Cash, Payables, etc.) Debit 1/1 Credit Balance Sales Revenue Debit Credit Required 1 Required 2 > 0 Balance Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the ending balance in the following accounts: a. Raw Materials Inventory. b. Work in Process Inventory. c. Finished Goods Inventory. d. Cost of Goods Sold (unadjusted). e. Manufacturing Overhead (Specify if overhead is overapplied or underapplied). a. Raw Materials Inventory b. Work in Process Inventory c. Finished Goods Inventory d. Cost of Goods Sold (unadjusted) e. Manufacturing Overhead (Specify if overhead is over applied or underapplied) < Required 1 Required 3 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the total cost of Jobs 201 and 202 at the end of January. Job Number Total Cost of Job 201 202 < Required 2 Required 3>