I. ournalizing transactions; calculating overhead; adjusting manufacturing 1. At the beginning of the period, Jan. 1, three jobs were in process: Job 400 (DM= $2,500; DL $3,500; M= $2,275), and Job 401 (DM = $6,000; DL = $6,400; MO-$4,160), Job 402 (DM = 1,900; DL-4,800; MO = $3.1 20L Create job cost sheets for cach job. 2. During the month Job 403 was started. Create a job sheet for this job. **Just title the last job cost sheet Job 403 3. Purchased raw material on account S125,000 4. Actual overhcad costs included: a. Paid factory reat: S4000 b. Utilities: $2800; c. Insurance: S850 d. Depreciation: $5,000 5. Estimated annual overhead costs: S276,250; Cost driver identified: Direct labor costs; estimated annual direct labor costs: S425,000; Calculate the pre- determined overhead rate. 6. Incurred S50,000 in factory labor costs, of which S3,500 is employer payroll taxes. 7. Requisitioned S15,800 of material; S5,100 was for Job 400, S1,800 was for job 401, S3,600 was for Job 402, S3,300 was for Job 403 and the remainder was indirect material. Update the job cost sheets 8. Assigned $50,000 in labor costs; S8,500 was for Job 400, S9,700 was for Job 401, S10,200 was for Job 402, S12,100 was for Job 403, and the remainder was indirect labor. Update the job cost sheets. 9. Calculate the amount of overhead to apply into process (journalize the transaction); Calculate the amount of overhead to apply to jobs 400, 401 10.Other manufacturing overhcad costs that occurred during the period totaled 11.Jobs 400, 401, and 402 were completed this period. Total the job cost sheets 12.Job 400 was sold on account for $33,500; job 401 was sold for S48,000 402, and 403. Update the job cost sheets. S2,000 of which S800 was paid and the remainder was on account. and prepare necessary journal entry cash; job 402 was sold for $41,000 of which 40% was paid and the remainder was on account. 13. Calculate over or under applied overhead for the period. 14.Prepare the adjusting entry for manufacturing overhead