DANRANCE &SONS Danrance&Sons uses a job order cost system. The following transactions occurred during the first quarter of the fiscal year $404,000 a Raw material was purchased, on account, b. Factor labor, Total, was $303,680 c Based on relevant documents, material requisitioned was Job - 19A $ 70,480 Job-19B 85,840 Job 19C Job-19D 72,200 78,540 Factory Use 8,940 d. Payroll records reveal the following allocations to jobs: Job- 19A s 36,000 Job- 19B 44,000 Job - 19C 30,000 Job-19D 50,000 Factory Use 4,600 e Actual factory overhead costs were occurred on account, $69,000 f. Depreciation on factory equipment, $29, 100 g Depreciation on the factory building $28,600 h The predetermined overhead rate is 90% of direct labor i. Jobs 19A, 19C, and 19D were completed during the first quarter INSTRUCTIONS COMPLETE THE FOLLOWING REQUIREMENTS 1. What was the ending balance in the Raw Materials inventory, assuming the beginning balance was $37,000 Payroll records reveal the following allocations to jobs 36,000 Job- 19A Job 198 44,000 Job- 190 30,000 50,000 Job- 190 Factory Use 14,600 e. Actual factory overhead costs were occurred on account, $69,000 f Depreciation on factory equipment, $29, 100 g Depreciation on the factory building. $28,600 h. The predetermined overhead rate is 90% of direct labor Jobs 19A 19C and 190 were completed during the first quarter i INSTRUCTIONS COMPLETE THE FOLLOWING REQUIREMENTS 1. What was the ending balance in the Raw Materials inventory, assuming the beginning balance was $37,000 2 What documents were reviewed and provide the information in 'd' above? BE SPECIFIC 3 How much TOTAL factory overhead is applied to the four jobs? Show computations 4 Indicate the journal entry required to record transaction "1. 5. Is factory overhead over- or under-applied at the end of the quarter? Compute the S-value and explain in clear terms TTI Paragraph , Anal 3(12pt) 2-E. T-2-e , Click Save and Submit to save and submit. Click Save All Ansvers to save all ansuers