Henrietta's Chicken Sweaters Chapter 4: Flow of Manufacturing Costs The following data is available for January 2021 for Henrietta's Chicken Sweaters Company. In January, Henrietta was working on two customer nrdore liak. in ........... transactions for the month. - Kent, utilites, and deprecistion on furniture are aHocacd betwen manutacturing costs and administrative costs 70/30 respectively. Assume purchases and payments are made with cash coless ochenwise stated. Inventorv balances: Additional information: 1.) During the month, material requisitions show that a total of $15,300 of materials were requested from the storeroom -the breakdown is: $9,000 for Job 101 and $6,000 for Job 102 and $300 for indirect materials needed for both jobs. 2.) During the month, labor time tickets show $19,238 in labor costs. Of that amount, $11,238 was for work completed on Job 101 and $8,000 is for Job 102 . 3.) Since Henrietta relies on laborers for the making of their product, direct labor cost is used as their activity base when allocating overhead costs to jobs. Henrietta estimates total direct labor costs of $400,000 and total overhead costs to be $100,000 for the year. Round to whole dollars. 4.) Job 101 and 102 are completed at the end of January. Job 101 is delivered to the customer on January 311t for a sales price of $40,334 and the customer pays on account. Job 102 remains completed but unsold at the end of the month. Instructions: Use the above information to: a) Prepare journal entries relating to the company's manufacturing costs. You can use Jan, 31 as the date for assignment and completion journal entries. b) Post transactions to the company's manufacturing accounts. c) Prepare job cost sheets for Jobs 101 and 102. Use requisition number 401 for Job 101 's material and time tickets 201-208 for Job 101's labor costs. Use requisition number 402 for Job 102 's materials and time tickets 209-213 for Job 102 's labor costs. d) Ensure that the WIP control account balance agrees to the open job cost sheets and that the Finished goods inventory account balance agrees to the balance of completed but unsold jobs. e) What is the company's gross profit for the period