a. Beginning balances: Raw Materials Inventory = $2,000; Work in Process = $3,500 (Job #1) b. Purchased $20,000 of materials on account. c. Requisitioned $16,000 of direct materials (50% Job # 1; 30% Job # 2 and 20% Job # 3) and $2,000 of supplies into production. d. Direct labor cost incurred of $8,000 ($5,000 Job #1, $2,000 Job #2, $1,000 Job #3) e. Indirect labor costs incurred were $6,000. f. Depreciation recorded on factory equipment of $3,000. g. Other indirect manufacturing costs incurred during the month were $1,200 on account. h. Manufacturing overhead is applied to production at 150% of direct labor cost. i. Jobs #1 and #2 were completed. j. Jobs #1 and #2 were shipped to customers. Customers were billed $53,000. k. Received bill for shipping Jobs #1 and #2 to customers of $2,500. I. Dispose of over or under allocated MOH.