D Question 2 20 pts MBS Corporation started operations this year. As the year went on, they compiled the following information on jobs worked (these are the only jobs for the year): Direct Sales Price Job# Direct Labor Labor hours Job Status Materials when sold 778 $1.346 $ 822 22 Complete and sold $5,576 779 $2,758 $2,207 50 Not Complete $12.752 780 $1.073 $ 676 18 Complete and not sold $4.510 781 $1,660 $1,046 28 Not Complete $6.984 MBS Corporation determined at the beginning of the year that $21 per Labor hour would be an appropriate POHR. As it turns out, throughout the year, overhead incurred totaled $2,677. Over or Under applied overhead is always considered to be immaterial and necessary steps should be taken to close the Overhead account prior to answering the questions below. Make the necessary calculations to determine the following items for the year just ended (round to the nearest whole dollar/input code: 0); Ending balance of Work in process account $ Ending balance of Finished goods account $ Ending balance of Overhead account after closing overhead $ Total Sales $ Total Cost of goods sold after closing overhead Gross profit as reported on the Income Statement $ Over/Underapplied overhead (enter overapplied as a positive number and underapplied as a negative number) $