Blue Plate Construction organized in December and recorded the following transactions during its first month of operations: December 2 Purchased materiats on account for $400,000. December 3 Used direct materials costing $100,600 on job number 100. Decenber 9 used direct naterials costing $15%,000 on job number 101 . December 15 Used direct materials costing $30,000 on job number 102 . December 28 Applied the following direct labor cost5 to jobs: job number 100,59,000; job number 101, $11,000; job number 102,$5,000. December 28 Applied nanufacturing overhead to all jobs at a rate of 300% of direct labor dotlars. December 29 Completed and transferred job number 100 and job number 101 to the finished goods warehouse. December 30 Sold job number 100 on account for $200,000. December 31 Recorded and paid actuat December manufacturing overhead costs of $78,000, cash. Decenber 31 Closed the Manufacturing Overhead account directly to cost of Goods Sotd. Required: a. Prepare journal entries for each of the above transactions. b. Compute the amount at which Cost of Goods Sold is reported in the company's income statement for the month ended December 31. c. Determine the inventory balances reported in the company's balance sheet dated December 31 d. Was manufacturing overhead in December overapplied, or was it underapplied