Coronodo Industries makes specialized clothing for businesses in the food and beverage industry. During September, Ricardo completed the following transactions.

Sept 1 Direct materials costing $60,000 were purchased on account.

3 Direct materials costing $32,850 were requested into production (all were used on Job A).

4 Indirect materials were purchased for cash, $32,830.

8 The company issued checks for the following factory overhead costs: Utilities, $3,210; manufacturing insurance, $4,025; and repairs, $4,640

10 Direct materials costing $34,510 (all used on Job A) and indirect materials costing $6,480 were requested into production.

15 Recorded the following gross wages and salaries for employees: direct labor, $69,200 (all for Job A); indirect labor, $21,610; manufacturing supervision, $36,900; and sales commissions, $22,980.

15 Overhead was applied to production.

22 The company issued checks for the following factory overhead costs: utilities, $4,270; maintenance, $3,380; and rent, $3,250.

23 Direct materials costing $41,940 and indirect materials costing $8,260 were purchased.

27 Production requisitioned $28,870 of direct materials (Job A, $2,660; Job B, $8,400; Job C, $17,810) and $7,640 of indirect materials.

30 Recorded the following gross wages and salaries for employees: direct labor, $64,220 (Job A, $44,000; Job B, $9,000; Job C, $11,220); indirect labor, $30,290; manufacturing supervision, $28,520; and sales commissions, $36,200.

30 Manufacturing overhead was applied to production.

30 Jobs A (58,840 units) and B (3,525 units) were completed and transferred to finished goods inventory. (Compute unit cost for each job; round to nearest cent).

30 Job A was shipped to the customer and the customer was billed for the sale. It is Ricardo's practice to charge 40% over cost of production to allow adequate gross profit to cover period costs and profit. The company uses a perpetual inventory system.

30 Adjusting entries for the following were recorded: $4,680 for depreciation, factory equipment; $5,230 for property taxes for factory, payable at month end.

Manufacturing overhead is applied at a rate of 125 percent of direct labor cost.

A. Record the entries in journal form and post to the following T-Accounts: Materials Inventory, Work in Process Inventory, Finished Goods Inventory, Factory Overhead, Cash, Accounts Receivable, Accumulated Depreciation Manufacturing Equipment, Accounts Payable, Wages and Salaries Payable, Property Taxes Payable, Sales, Cost of Goods Sold, and Selling and Administrative Expenses.

B. Compute ending balances in Materials, Work-in-process, Finished Goods, and Factory Overhead.

C. Make the journal entry to dispose of under/over applied overhead and post to the T-accounts.