Jag Company employs a normal costing system. The following information is from the financial records of the company for the year. Total manufacturing costs were $2,700,000. Cost of goods manufactured was $2,425,000. Applied factory overhead was 25% of total manufacturing costs. Factory overhead was applied to production at a rate of 80% of direct labor cost. WIP inventory at January 1 was 75% of WIP at December 31 Instructions: 1. Calculate the total cost of manufacturing overhead applied by Jag Company for the year. [4 points) 2. Calculate the total cost of direct labor used for the year. (4 points] 3. Calculate the total cost of direct material used for the year. [3 points) 4. Calculate the value of Jag Company's WIP inventory at December 31. (4 points) 5. When applied MOH is over(under)allocated and the amount is considered material, the over(under)allocated MOH may written off by adjusting ending balances of certain accounts. If this case, which accounts would be adjusted? (3 points)