Dillon Products manufactures varlous machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that It would Incur $4,282,500 In manufacturing overhead cost at an actlvity level of 571,000 machine-hours. The company spent the entlre month of January working on a large order for 12,300 custom-made machined parts. The company had no work in process at the beginning of January. Cost data relating to January follow: a. Raw materlals purchased on account, $311,000. b. Raw materlals used In production, $257,000 (80\% direct materlals and 20% indirect materlals). c. Labor cost accrued in the factory, $162,000 (one-third direct labor and two-thirds Indirect labor). d. Depreclation recorded on factory equipment, $62,600. e. Other manufacturing overhead costs incurred on account, $85,300. f. Manufacturing overhead cost was applied to production on the basis of 40,650 machine-hours actually worked during the month. g. The completed Job for 12,300 custom-made machined parts was moved Into the finished goods warehouse on January 31 to awalt delivery to the customer. (In computing the dollar amount for this entry, remember that the cost of a completed job consists of direct materlals, direct labor, and applied overhead.) Requlred: 1. Prepare Journal entrles to record Items (a) through (f) above [Ignore Item (g) for the moment]. 2. Prepare T-accounts for Manufacturing Overhead and Work In Process. Post the relevant Items from your journal entrles to these Taccounts. 3. Prepare a journal entry for Item (g) above. 4. If 10,100 of the custom-made machined parts are shipped to the customer in February, how much of this job's cost will be Included In cost of goods sold for February? Complete the question by entering your answers in the tabs below