Carol's Holiday Styles has been busy In the month of November! It seems Carol's marketing efforts have pald off, as she has answered marry calls to help decorate homes for the upcoming holidays. The comparry carrles an inventory of decoratlve ltems in Its store and then installs them In creative and fun ways. The MOH costs are falrly low, since the company has just a small space to hold the Imventory. The applled MOH rate is $10 per direct labor hour. As of November 30 , the company carrles the following balances in its inventory accounts. During December, the following events occurred. 1. Purchased direct materlals costing $15,800 on account. 2. Used $20,400 of direct materlals for jobs. 3. Pald direct labor wages for 138 hours of labor [$25/hr]. 4. Applled MOH cost to jobs. 5. Actually incurred $3,200inMOH costs. 6. Completed all jobs by the end of the month. 7. Bllled cllents $47,200 for jobs completed. 8. Closed under-or overapplied MOH using the direct wrlte-off method. (a) Your answer ls correct. Calculate the ending balances in all Inventory accounts as of December 31 . (b) Prepare the Journal entry to wrlte off any under-or overapplled MOH directly to cocs. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) eTextbook and Media Attempts: 0 of 2 used (c) Determine the company's total cost of goods completed and CoGs in December. Total cost of goods completed and CoGs $ Attempts: 0 of 2 used (d1) How much gross margin dild the company earn in December? (Round percentage answer to 2 decimal places, eg. 52.75\%.) If Carol had a goal of earning a 35% gross margin, did she reach her goal