At the beginning of the accounting period, the accountant for ABC Industries estimated that total overhead would be $80 000. Overhead is allocated to jobs on the basis of direct labour cost. Direct labour was budgeted to cost $200 000 this period. During the period only three jobs were worked on. The following summarises the direct materials and labour costs for each: Job 1231 Job 1232 Job 1233 Direct materials $45 000 $70 000 $30 000 Direct labour 70 000 90 000 50 000 Job 1231 was finished and sold; job 1232 was finished but is waiting to be sold; and job 1233 is still in process. Actual overhead for the period was $82 000. Required Prepare the following journal entries. (a) Cost recorded during production (b) Cost of jobs completed (c) Cost of sales (d) Allocation of overapplied or underapplied overhead allocated on a pro rata basis to the ending balances in work in process, finished goods, and cost of sales