Bahrain Manufacturing Company employs a job order cost accounting system and keeps perpetual inventory records. The following transactions occurred in the first month of operations: 1. Direct materials requisitioned during the month: Job 11 $40,000 Job 22 32.000 Job 33 48,000 $120.000 2. Direct labor incurred and charged to jobs during the month was: (Direct labor wage rate was $10 per hour). Job 11 $60,000 Job 22 50,000 40,000 Job 33 $150.000 3. Manufacturing overhead was allocated at $30 per direct labor hour. 4. Actual manufacturing overhead costs incurred during the month amounted to $140,000. 5. Job 11 consisting of 500 units and Job 33 consisting of 400 units were completed during the month. Instructions a) Prepare journal entries to record the above transactions. (9 marks) b) Compute the unit cost of Jobs 11 and 33. (3 marks) c) Calculate the over/under allocated balance and prepare the adjusting entry if the difference material (important) and the ending balances were cost of goods sold 50,000; finished goods 40,000 and work in process 10,000