^_- JOB ORDERS

The company "ABC, S.A." presents the following information:

Beginning Inventories as of September 1st:

- Direct raw materials $12,000

- Work in process $8,000*

*Consisting of orders 101 and 102.

Order 101 with an initial inventory of $4,550, order 102 with an initial inventory of $3,450.

- Finished goods $20,000**

**Order 100 has already been completed but the customer has not yet picked it up.

During the month of September, the following operations were carried out:

- $15,000 of direct raw materials were purchased.

- The time cards show the following:

- Order 101 was charged with 250 hours of direct labor at $10.00 per hour.

- Order 102 was charged with 275 hours of direct labor at $11.00 per hour.

The MOC (MANUFACTURING OVERHEAD COST) is managed with an estimated base and is applied based on 100% of the direct labor cost of both orders.

Order 102 is completed and sold with a profit margin of 160% on cost.

The total amount of actual MOC is $4,000.

The final direct raw materials inventory is $3,300.

REQUESTED:

The T-accounts

The total cost of the ending Work in Process inventory.

The over or underapplied MOC and its accounting entry