Divine Bath Works is a leader in the bath fixtures industry, rising to prominence with the introduction of over-the-counter sinks. The following data pertain to September, the last month of Divine's fiscal year. The Work in Process Inventory on 9/1 consisted of one job, Job X, for 700 units of Model OO, an oval, over-the-counter sink. The Finished Goods Inventory on 9/1 comprised the following: Divine uses a "normal" costing system, combined with the FIFO inventory flow assumption, to cost its inventories. That is, Divine traces actual materials and labor costs to individual jobs. It allocates manufacturing overhead using a predetermined overhead rate computed at the start of the year. Divine allocates overhead using direct labor hours as the allocation basis (cost driver). Divine prepared the following annual overhead cost budget at the start of the present year. Divine also informs you that it had budgeted for 80,400 direct labor hours at the start of the year. As of September 1, the company had incurred 75,315 actual direct labor hours and spent $1,569,450 in actual overhead costs. During September, Divine purchased $112,340 of direct materials and $26,430 of indirect materials. The following table shows the requisition of direct materials during September: Divine consumed $22,000 of indirect materials during September. Divine incurred the following labor costs during September. The following comprises actual overhead costs (other than supplies and indirect labor) incurred during the month of September. Finally, Divine completed all jobs except Job B during September. It also sold the following items during the month of September. REQUIRED: Compute the amount of under-over applied overhead for the month of September and the year ended September 30. (10 pts.) September: Year: 2. Compute the ending balance of the Work in Process Inventory account at 9/30: (5 pts.) 3. Calculate the ending balance of Finished Goods Inventory for each model at 9/30 (use FIFO method). (20 pts.) Model OO: Model RI: Model OI: Model RO: 4. Prepare an Income Statement for the month ended 9/30 (Assume that Sales Revenue will be 25% greater than total Cost of Goods Sold, operating expenses are $20,000 and the company's income tax rate is 20%). (10 pts.) 5. Show all calculations 6. Make sure your Income Statement is in good form. ( proper heading etc, use the traditional format) 7. Use T account or schedules to show the cost in WIP and cost of individual Jobs. There are 4 Jobs and each job produced and sold different units (sinks)