Dec. 2 Purchased materiats on account for $46e,b00. Dec. 3 Used direct materials costing $100,000 on 10b no. 100. Dec. I Used direct materiats costing \$150,eee on job no. 101 . bec. 15 Used direct materials costing 530 , e0e on job no. 102 . Dec. 28 Applied the foltowing olrect labor costs to jobs: job no, 100, 59,000; job no, 101, 511,00e; job no, 102, 55,000. Dec.28 App cied manufacturing overhead to all jobs at a rate of 3e0s of direct labor dollars. Dec. 29 Coppleted and transferred 106 no, 100 and job no. 101 to the finished goods warehouse. bec. 30 sold job no. 100 on occount for $260,000. bec.31 Decorded and paid actual Decenber manufacturing overhead costs of $78,000, cash. 0ecc.31 Closed the Hanufacturing overhead account directly to cost of Goods sold. a. Prepare journal entries for each of the above transactions. 6. Cempute the amount at which Cost of Goods Sold is reported in the compony's income statement for the month ended December 31. c. Determine the inventory balances reported in the company's balance sheet dated December 31 . d. Wos manufacturing overhead in December overopplied, or was it underapplied