1. At the start of May ABC had no jobs in process. During May they started one job: JX. They estimated MOH to be $300,000 and estimated machine hours (their base to determine the predetermined overhead rate) to be 150,000 machine hours. During May they used $50,000 of materials ($40,000 determined to be direct materials), $100,000 of direct labor and $50,000 of indirect labor. They used 50,000 machine hours during May. The only other MOH incurred during May was factory depreciation of $30,000. At the end of May end WIP for JX was $60,000, and all the units completed were also sold. They were sold at 150% of cost. Give the journal entries for all the information above. How much was MOH over or underapplied? Assuming any over or underapplied MOH was closed to COGS what was the journal entry for the sale of the goods?