Estevez Company uses normal costing in its job-costing system. The company produces kitchen cabinets. The beginning balances (December 1) and ending balances (as of December 30) in their inventory accounts are as follows: Beginning Balance 12/1 4,200 13,400 Materials Control Work-in-Process Control Manufacturing Department Overhead Control Finished Goods Control Ending Balance 12/30 17,000 18,000 188,000 38,800 8.800 1. Prepare journal entries for the December 31 payroll. 2. Use T-accounts to compute the following: a. The total amount of materials requisitioned into work in process during December b. The total amount of direct manufacturing labor recorded in work in process during December (Hint: You have to solve requirements 2b and 2c simultaneously) c. The total amount of manufacturing overhead recorded in work in process during December d. Ending balance in work in process, December 31 e. Cost of goods sold for December before adjustments for under-or overallocated manufacturing overhead 3. Prepare closing journal entries related to manufacturing overhead. Assume that all under-or overallocated manufacturing overhead is closed directly to Cost of Goods Sold. Now prepare the journal entry to allocate manufacturing overhead. Credit Journal Entry Accounts Cost of Goods Sold Manufacturing Overhead Control (1b) Debit 8,409 8 1 ,409 Estevez Company uses normal costing in its job-costing system. The company produces kitchen cabinets. The beginning balances (December 1) and ending balances (as of December 30) in their inventory accounts are as follows: Beginning Balance 12/1 4,200 13,400 Materials Control Work-in-Process Control Manufacturing Department Overhead Control Finished Goods Control Ending Balance 12/30 17,000 18,000 188,000 38,800 8.800 1. Prepare journal entries for the December 31 payroll. 2. Use T-accounts to compute the following: a. The total amount of materials requisitioned into work in process during December b. The total amount of direct manufacturing labor recorded in work in process during December (Hint: You have to solve requirements 2b and 2c simultaneously) c. The total amount of manufacturing overhead recorded in work in process during December d. Ending balance in work in process, December 31 e. Cost of goods sold for December before adjustments for under-or overallocated manufacturing overhead 3. Prepare closing journal entries related to manufacturing overhead. Assume that all under-or overallocated manufacturing overhead is closed directly to Cost of Goods Sold. Now prepare the journal entry to allocate manufacturing overhead. Credit Journal Entry Accounts Cost of Goods Sold Manufacturing Overhead Control (1b) Debit 8,409 8 1 ,409