Explain this please

Use the following information for the next 4 questions: A company uses job order costing to determine the cost of exch job. The following info relates to job information: - In May, the company incurred the following costs for Job 123: direct materials $10,000, direct labor $6,000 and took 123 300 hours while the factory overhead applicd $4,800 - In June, the company incurred $5,000 in direct materials, $3,000 in labor in order to complete and sell Job 123 . 3 123 - Additionally in June, the company started and completed Job 456 . Employee timesheets showed that 150 direct labor 356 hours were worked, and the job cost sheet showed the total cost of Job 456 was \$12,750, - Information on the factory overhead account showed that factory overhead is applied based on direct labor cost. Actual overhead costs for the month of June are $15,000 which was spent on utilities. It is company practice to close the factory overhead account monthly and it considers any factory overhesd to be immaterial, coss Methed - During Jane, the company made payments of $20,000 towards their accounts payable. On May 31 , the balance in the accounts payable account was $5,000 and as of June 31N the balance was $3,500, 8m puthases - The company had an opening balance of raw materials and finished goods of $50,000. 14. What is the balance of raw materials as of June 30the? a. $25,100 b. $56,100 c. $32,500 d. $43,850 c) None of the above. (c) COMM 305 Tutorials - Matthew