Job Order Cost Miss M's Manufacturing, Inc., uses a job order cost system. The following data summarize the operations related to production for December 2023 and balances carried forward from November: a December 1, 2023 material inventory: 9,600.00 December 1, 2023 work in process: Job Materials Direct labor Factory Overhead 25 2,060.00 1,850.00 4,347.50 27 3,120.00 2,750.00 6,462.50 28 1,850.00 1,240.00 2,914.00 31 4,180.00 3,650.00 8,577.50 11,210.00 9,490.00 22,301.50 December 1, 2023 Finished goods Job 21 23 24 Materials Direct labor Factory Overhead 5,120.00 4,100.00 9,635.00 3,870.00 5,120.00 12,032.00 4,800.00 4,320.00 10,152.00 9,920.00 8,420.00 19,787.00 b Material purchased on account in December, S 24,500.00 C During the month of December the following costs were expended: Job Materials Direct labor 25 412.00 870.00 27 936.00 1,125.00 28 740.00 560.00 31 660.00 3,650.00 32 1,000.00 600.00 33 2,800.00 1,820.00 34 3,150.00 1,845.00 35 2,720.00 1,768.00 36 2,520.00 2,785.00 37 3,080.00 2,725.00 18,018.00 17,748.00 d Factory overhead costs incurred in Dec. on account $ 41,108 e FOH is applied on the basis of $ 2.35 per direct labor dollar f Jobs completed in December: #'s 25, 27, 28, 31, 32, 33, 34 g Jobs shipped and billed to customers on account: #'s 21, 23, 24, 25, 27, 28, 31 and 33 All jobs are sold at a 60% markup on cost. h Over or underapplied FOH is closed to Cost of Goods Sold Instructions: 1 Journalize the transaction reflected in b. -> h. 2 3 Calculate the December 31 Material Inventory, Work in Process and Finished Goods account balances Prepare a Statement of Cost of Goods Manufactured for the month ended December 31, 2023 N