JOB COSTING PRACTICE PROBLEM:ABC operates in a normal job costing environment.At the start of Year 1, ABC had the following jobs in its beginning work in process:JOB A1:20KJOB B2:10KDuring the period, 2 more jobs were started, Jobs C3 and D4.ABC applies OH at the rate of 1.5 TIMES its Direct labour cost.Jobs A1 and B1 were sold. Job D4 was Finished but not sold (finished goods inventory).Thus, Job C3 remained in ending work-in process.There were no jobs in beginning finished goods inventory.The following job cost sheets have been created for you:Job A1Job B2Job C3Job D4TotalBWIP20K10K30KDM used5K5K2K3K15KDL1K2K1K1K5KOH applied1.5K3K1.5K1.5K7.5KTotal27.5K20K4.5K5.5K57.5KCOGSCOGSEWIPFin GoodsThere was $20,000 of Raw Materials Inventory on hand at the start of the period.Raw materials purchases during the period amounted to $10,000.$9,000 of manufacturing overhead costs were incurred during production.Included in this amount was $4,000 of indirect materials.Required:Post the above data to T-accounts and create a schedule of Cost of Goods Manufactured.Provide a schedule of Cost of Goods Sold. ABC closes any over or underapplied overhead to cost of goods sold.