Job No. W12 X13 Y14 215 General use Material Time Requisitions Tickets $ 610 $ 760 370 1,420 2,780 3,100 4,050 1,080 390 540 (4) Jobs sold during August W12, 13. (5) Fisher applies overhead to production based upon labor costs. (6) Selected account balances on August 1 were: Overhead Materials Work in process Finished goods $1,400 overapplied 5,175 9,555 -0- Work in process Finished goods 9,555 --- (7) Various overhead incurred (excluding indirect materials and indirect labor) during August, $13,500 (8) Materials (direct and indirect) purchased during August, $10,905. Required: (a) What is the balance in the Materials Inventory account on August 31 (b) is the manufacturing overhead account over- or underapplied on August 317 By how much? (c) Compute the cost of goods manufactured for August (d) Compute the cost of goods sold for August. (e) What is the balance of the Work-in-Process Inventory account on August 31? Job No. W12 X13 Y14 215 General use Material Time Requisitions Tickets $ 610 $ 760 370 1,420 2,780 3,100 4,050 1,080 390 540 (4) Jobs sold during August W12, 13. (5) Fisher applies overhead to production based upon labor costs. (6) Selected account balances on August 1 were: Overhead Materials Work in process Finished goods $1,400 overapplied 5,175 9,555 -0- Work in process Finished goods 9,555 --- (7) Various overhead incurred (excluding indirect materials and indirect labor) during August, $13,500 (8) Materials (direct and indirect) purchased during August, $10,905. Required: (a) What is the balance in the Materials Inventory account on August 31 (b) is the manufacturing overhead account over- or underapplied on August 317 By how much? (c) Compute the cost of goods manufactured for August (d) Compute the cost of goods sold for August. (e) What is the balance of the Work-in-Process Inventory account on August 31