Calculator eBook Job Cost Flows, Journal Entries On April 1/ Sangvikar Company had the following balances in its inventory accounts: Matenials Inven Work-in-Process Inventory Finished Goods Inventory Work-in-process inventory is made up of three jobs with the following costs tory $12,760 21,350 8,700 Job 114 Job 115 Job 116 $2,804$2,640 $3,650 4,300 2,580 Direct materials Direct labor Applied overhead During Apral, Sangvikar experienced the transactions listed below 1,8001.560 . Materals purchased on account, $30,oob b. Materials requisitioned: Job 114, $16,500; Job 115, $12,400; and Job 116, $s,000, c Job tickets were collected and summanized: Job 114, 150 hours at $15 per hour; Job 115, 220 hours at $14 per hour; and Job 116, 80 hours at $18 per hour d. Overhead is applied on the basis of direct labor cost. e. Actual overhead was $4,365. f. Job 115 was completed and transferred to the finished goods warehouse g- (1) 3ob 115 was shipped, and (2) the customer was billed for 125 percent of the cost. Required equired: . Prepare journal entries for the Aprit 90) Previous 1. Prepare journal entries for the Apri d. Previous Next Save and x Gaiculalor lculate the ending balances of each of the inventory accounts as of Apni 30. Post the entries to the T-accounts in the same order in whicht journallzed. Materials Work in Process Previous Next ate the ending balances of each of the Inventory accounts as of April 30. Post the entries to the T-accounts in the same order is malized Materlals Work in Process Finished Goods Previous Ema nstructorSave and Es