Badger Homes manufactures prefabricated houses in Wisconsin. The company uses a perpetual inventory system and a job cost system in which each house is a job. The following events occurred during May (each letter represents a date): a. Purchased materials on account, $400,000. b. Incurred total manufacturing wages of $111,000, which included both direct labor and indirect labor. Used direct labor and direct materials in manufacturing as follows: Direct Labor House 13 14,100 House 14 28,000 House 15 19,800 House 16 $ 21,400 Requisitioned the following direct materials in manufacturing Direct Materials House 13 41,400 House 14 56,100 House 15 $ 62,000 House 16 66,500 d. Depreciation of manufacturing equipment used on different houses is $6,600. e. Actual overhead costs in addition to indirect labor and depreciation) incurred on houses 13-16 is as follows: Equipment rentals paid in cash S 10,700 Prepaid plant insurance expired 7,000 f. Allocated overhead to jobs at the predetermined rate of 60% of direct labor cost. g. Badger Homes completed houses 13, 15, and 16 in the month of May. h. In the month of May, house 13 was sold on account for $98,000, and house 16 was sold for $146,000. i. The manufacturing overhead account is closed to cost of goods sold. Because the amount is small, the gross profit on the houses sold is not adjusted, it is simply an adjustment to cost of goods sold. Required: | 1 Record the preceding events in the general journal on the Requirements tab. 2 Complete the Job Cost Record for each house on the Requirements tab. 3 Post the the journal entries to the listed T-Accounts on the Requirements tab, identifiying each entry by letter. Determine the ending account balance in each T-Account. Assume the beginning balance in each account is zero. 4 Compute the gross profit on each house that was sold. Requirement 1 General Journal Credit lob Cost Record Horse 13 Home 1 Horec 15 Horse 16 Tenent 3 Raw Materials Inventory Work in Procopo Inventory LLLLLLLLL Finished Goods Inventory WIP COGS Balance Requireacat 4 Manufacturing Overhead