GHI Company started operation on January 1, 20x2. The company manufactures custom products and uses a job order system. Overhead is allocated to jobs based on direct labour costs. The budgeted manufacturing overhead for 20x2 was $298,800 and the direct labour costs were budgeted at $498,000. At the end of 20x2, there were two jobs in work in process: Required: a. b. Direct material cost Direct labour cost Actual manufacturing overhead for the year amounted to $350,000 and total direct labour charges for the year amounted to $550,000. The year-end finished good inventory balance was $175,000 and included direct labour costs of $48,000. Cost of goods sold for the year amounted to $1,750,000. C. Job A605 $21,000 12,000 Job A608 $36,000 38,000 + Calculate and show the detailed costs of the ending WIP account (calculate the DM, DL & MOH at the end of the year in the WIP account). Calculate and show the detailed costs of the ending finished goods inventory account (calculate the DM, DL & MOH at the end of the year in the FG account). Calculate the over/under applied overhead for the year.

GHI Company started operation on January 1,20x2. The company manufactures custom products and uses a job order system. Overhead Is allocated to jobs based on direct labour costs. The budgeted manufacturing overhead for 202 was $298,800 and the direct labour costs were budgeted at $498,000. At the end of 20x, there were two jobs in work in process: Actual manufacturing overhead for the year amounted to $350,000 and total direct labour charges for the year amounted to $550,000. The year-end finished good inventory balance was $175,000 and included direct labour costs of $48,000. Cost of goods sold for the year amounted to $1,750,000. Required: a. Calculate and show the detailed costs of the ending WP account (calculate the DM, DL \& MOH at the end of the year in the WIP account). b. Calculate and show the detalled costs of the ending finished goods inventory account (calculate the DM, DL \& MOH at the end of the year in the FG account). c. Calculate the over/under applied overhead for the year