Classic Boats, Inc., produces custom wood boats. Each boat is built to customer specifications. During April, its first month of operations, Classic Boats began production of three customer ordersjobs 1 through 3. The following transactions occurred during April. 1. Purchased production materials totalling $225,000 2. Processed material requisitions for the following items: - Job 1, direct materials: $38,800 - Job 2, direct materials: $19,300 - Job 3, direct materials: $22,500 - Indirect materials: $43,500 - Total: $124,100 3. Processed timesheets showing the following: - Job 1, direct labour (350 hours): $7,400 - Job 2, direct labour (275 hours): $5,900 - Job 3, direct labour (150 hours): $3,250 - Indirect labour: $4,850 - Total: $21,400 4. Applied overhead using a predetermined rate of 160 percent of direct labour cost 5. Completed job 1 and transferred it to finished goods 6. Delivered job 1 to the customer and billed her $70,000. (Hint: Two entries are requiredone for the cost of the goods and another for the revenue.)

a) Calculate the production costs incurred in April for each of the three jobs. b) Record each of the six transactions described previously using the horizontal model. Assume all payments will be made next month.