Jorgensen Corporation uses standard costs with its job order cost accounting system. in January. an order (Uob No. 12) for 1,000 units of Product B was received. Thestandard cost of one unit of Product Bis as follows. Normal capacity for the month was 4.490 machine hours. During January, the following transactions applicable to Job No, 12 occurred 1. Purchased 3,200 pounds of raw inaterials on account at $1.35 perpound. 2. Requisitioned 3200 pounds of raw materials for Job No. 12. 3. Incurred 1,240 hours of direct labor atar rate of $8,90 per hour. 4. Worked 1.240 hours of direct labor on Job No. 12. 5. Incurred manufacturing overhead on account $17,290. 6. Applied overhead to Job No. 12 on basis of standard machine hours allowed. 7. Completed Job No, 12 8. Billed customer for Job Na 12 at a selling price ot $90,000. Post to the job order cost accounts. (Post entries in the order of journal entries presented in the previous part.) Labor Quantity Variance Work in Process Inventory Finished Goods Inventory Cost of Goods Sold