I finished majority of it I need help with steps 5-8 I provided the instructions & original general journals that were used for this in case you need

make a T-account with the general journals I provided, and the Schedule of cost of goods manufactured, cost of goods and income statement and tell me what to input for step 8.

Thank you will rate if done correctly

You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the customer. This month, you have been asked to develop and manufacture two new tables for customers. You will design and build the tables. This is a no nail, no screw, and no glue manufacturing (no indirect materials used). You will be keeping track of the costs incurred to manufacture the tables using Job #1 Cost Sheet and Job #2 Cost Sheet. Step 1 The cost of the direct materials that can be used to manufacture the table are as follows. These cost are on a per unit basis Table To Table Le Drawer S2,300.00 $800.00 $430.00 The company uses a job order costing system and applies manufacturing overhead to jobs based on direct labor hours The company estimates that there will be 12 direct labor hours worked during the month The estimated manufacturing overhead cost for the month is a. Factory supervisor salary per month b. Rent for the factory per month c. Depreciation of factory equipment per month $4,000.00 $800.00 $600.00 $5,400.00 Total Estimated manufacturing overhead What is the predetermined manufacturing overhead rate? 450 Step 2 Step 3 The first order you received was to manufacture a table using a table top and four legs. This is your Job #1 The customer that has ordered Job #2, wants a table that is the same as Job #1, but wants to also add a drawer to the table The following is a list of transactions that need to be recorded for the company for activity in the month of December. Record those in the "General Journal" tab of the excel file using the proper format. Please use the following accounts: Accounts Receivables, Raw materials, Work in process, Finished goods, Accumulated depreciation, Accounts payable, Salaries and wages payable, Sales revenue, Manufacturing overhead, Cost of goods sold, Salaries and wages expense, Advertising expenses, and Depreciation expense Step 4 1-Dec Raw Materials purchased on account, $23,000 All Raw Materials needed for Job #1 were requisitioned from the material storage for use during the month. Assume all materials are 5-Dec direct. (After you journalize this entry please enter the information into Job #1 Cost Sheet) The following employee costs were incurred but not paid during the month: There are three assembly employees that spend 2 hours each, $25 per hour to make the table for Job #1. (After you journalize this 10-Dec entry please enter the information into Job #1 Cost Sheet) Salary for supervisor of the factory $4,500 Administrative Salary $2,000 All Raw Materials needed for Job #2 were requisitioned from the material storage for use during the month. Assume all materials are 15-Dec direct. (After you journalize this entry please enter the information into Job #2 Cost Sheet) 16-Dec Rent for the month of December for the factory building incurred but not paid $800 17-Dec Advertising costs incurred but not paid for the month was $1,400. Depreciation for the month of December was recorded on equipment was $750 ($150 for equipment used in the factory and the remainder for equipment used in selling and administrative activities) Manufacturing overhead cost was applied based on direct abor hours to ob #1 based on the POHR determined on the Job Cost Sheet". (After you journalize this entry please enter the information into Job #1 Cost Sheet) 22Dec 26-Dec Job #1 was completed and transferred to Finished Goods during the month. The completed table rom Job #1 was sold on account to the customer for S28.000 during the month. for the cost of the table that was sold using the cost from the job cost sheet.) Hint Make sure to account 28 Dec Direct labor cost incurred but not paid for three employees to start manufacturing Job #2. The employees only worked one hour each, three hours total, $25 per hour during the month and they did not complete their work on the job. (After you journalize this entry please enter the information into Job #2 Cost Sheet) 31-Dec Manufacturing overhead cost was applied based on direct labor ours to Job #2 based onthe POHR Only three direct!abor hours were worked on Job #2 during the month. (After you journalize this entry please enter the information into Job #2 Cost Sheet) 31-Dec Any underapplied or overapplied overhead for the month was closed out to Cost of Goods Sold Job Cost Sheet Direct Materials: Job Number Date Initiated Date completed Direct Matarials Direct Labor Manufacturing verhead Amount Hours Amount Hours Rate Amount 5500 25 150 450 2700 Cost Summar Direct Materials Direct Labor Manufacturing verhead Total Product Cost Unit Product Cost $5,500.00 $ 150.00 $2,700.00 $ 8,350.00 8,350.00 Job Cost Sheet Direct Materials Job Number Date Initiated Date completed Direct Matarials Direct Labor Manufacturing verhead Amount Hours Rate AmountHours Rate Amount 5,930 25 75 3 $450.00 $1,350.00 Cost Summa Direct Materials Direct Labor Manufa Total Product Cost Unit Product Cost $5,930.00 $75.00 $ 1350.00 $7.355.00 $ 7,355.00 Overhead General Journal Debit Credit 2 Date 3 1-Dec Raw material Description $23,000 Accounts Payable $23,000 6 5-DecWork in process $ 5,500 Raw Material 5,500 910-Dec Work in process Manufacturing Overhead Salaries and wages expenses Salaries and wages payable $ 150 $ 4,500 $ 2,000 6,650 14 15-DeWork in process $ 5,930 Raw Material $ 5,930 17 16-DeManufacturing overhead $800 Accounts payble $ 800 20 17-Dec Advertising ewpenses $ 1400 Accounts payable $1400 23 20-Dec Manufacturing Overhead 24 $ 150 $600 Depreciation expnese Accumated Depreciation $750 27 22-Dec Work in Process $2,700 Manufacturing Overhead $ 2,700 30 26-Dec Finished Goods Work in Process $ 8.350 $8,350 33 28-Dec Accounts Receivable $28,000 Sales Revenue $28,000 28-Dec Cost of goods sold 37 36 8,350 Finished goods $8,350 39 31-Dec Work in Process $75 Salaries and wages payable $75 42 31-Dec Work In Process 43 1,350 Manufacturing Overhead $ 1,350 31-Dec Cost of goods sold 1,400 45 46 47 Manufacturing overhead $1400 Account Re Sales Revcnuc Rcw Materials Salaries and Wages Payable Cost of Goods Sold Work In Process 21 Salaries and Wages Expense 24 27 Finished Goods Aclvertising Ex 37 Manufcacturing Overhecacl 42 43 45 47 49 53 M21 Thunderduck Custom Tables, Inc Schedule of cost of goods manufactured For the month Ended December 31, 20XX Thunderduck Custom Tables, Inc Cost of goods sold For the month Ended December 31, 20XX Thunderduck Custom Tables, Inc Income Statement For the month Ended December 31, 20XX 4 10 12 13 18 19 20 21 23 24 25 26 27 28 29 30 31 32