Case #2 Scots Inc. designs and installs custom bathrooms. On November 1", Scots Inc. had the following jobs in process: Job 12 and Job 13. During November, the company started four jobs: Job 14, 15, 16, and 17. By the end of November, the company had completed Job 12, Job 13, Job 15 and Job 16, and had billed each of the clients. For the month of November, the following data were gathered: Job 12 Job 13 Job 14 Job 15 Job 16 Job 17 Nov. 1 balance $1.225 $2.190 Direct materials cost 725 1.234 810 832 1,292 220 Direct labour cost 1.250 4,320 2.800 1.260 3,310 5,100 Currently, the company assigns overhead at a rate of 80% of direct labour cost. To determine the selling price of jobs, Scots Inc. adds a markup of 28% to the full manufacturing cost. For the month of November, the company incurred $3,400 in operating expenses. Required (A) Prepare the job cost sheets for each job for November (B) Caleulate the ending balance in Work-in-Process (WIP) as of November 30 (C)Calculate the cost of Goods Sold for the month of November (D) Ignoring the impact of interest and taxes, prepare the company's income statement for the month of November