Highland Co. is a job-order-costing company that uses activity-based costing to apply overhead to jobs. The following overhead activities were budgeted for the year. Activity Cost Driver Amount of driver setups $120,000 number of setups 6,000 purchasing $80,000 number of parts 20,000 other overhead $150,000 direct labor hours 75,000 The following information about the jobs was given for January. Job 1001 Job 1002 Job 1003 Job 1004 Balance 1/1 $44,900 $60,700 $0 $0 direct materials $54,000 $37,000 $25,000 $41,000 direct labor $80,000 $38,500 $43,000 $71,000 number of setups 40 10 30 200 number of parts 300 180 400 500 direct labor hours 5,000 2,400 5,200 1,200 Units 2,000 1,500 800 1,800 By January 31, Jobs 1001 and 1004 were completed and only Job 1004 was sold. The remaining jobs were still in process.

1) Determine the cost per unit for Jobs 1001 and 1004.

2) Calculate the beginning balance and ending balance of work-in-process for January.

3) Determine the cost of goods manufactured.

4) Calculate the cost of goods sold.

5) Prepare all necessary journal entries pertaining Job 1001, Job 1002, Job 1003, and Job 1004.