E2-18 Recording Manufacturing Costs LO 2-3,2-4,2-5) Reyes Manufacturing Company uses a job onder cost system. At the beginning of January, the company had one dung January. Other select account balances follow ignorary accounts that are not isted) in process06201) and one competed but not yet 200) Job 202 was started During January, the company had the following transactions (a) Purchased $65.000 worth of materials on account (b) Recorded materials issued to production as follow Name (c) Recorded factory payroll costs from dret labore eta Job Number Factory supervision (d) Applied overhead to production at a rate of $30.00 per direct labor hour for 496 actual direct labor hours. (0) Recorded the following actual manufacturing overhead costs Total Cost Discription Paid in cash Hem Factory rent Depreciation Factory antes Factory insurance Incurred but not paid Prepaid policy 3.400 $11.000 Completed Job 201 and transferred (9) Sold Job 200 for $51.700 to Finished Goods inventory Job 202 was still in process at the end of January Required: 1. Post the preceding transactions to T-accounts (Note: Capture the offsetting of debits and credits to other accounts such as Cash Payables, Accumulated Depreciation, and so on in Miscellaneous Accounts.) Raw Materials inventory 36.000 Work in Process inventory 1/1 31/1 36,000 Finished Goods Inventory Cost of Goods Sold 23,000 Manufacturing Overhead 31/1 Miscellaneous Accounts (Cash, Payables, etc.) 2. Compute the ending balance in the following accounts d. Finished Goods Inventory Cost of Goods Sold (unadjusted) Manufacturing Overhead 3. Compute the total cost of Jobs 201 and 202 at the end of January Job Number Total Cost of Job