Kapoor Company uses job-order costing. During January, the following data were reported: a. Materials purchased on account: direct materials, $98, 500: indirect materials, $14, 800. b. Materials issued: direct materials, $82, 500: indirect materials, $8, 800. c. Labor cost incurred: direct labor, $67, 000: indirect labor, $18, 750. d. Other manufacturing costs incurred (all payables), $46, 200. e. Overhead is applied on the basis of 110 percent of direct labor cost. f. Work finished and transferred to Finished Goods Inventory cost $230, 000. g. Finished goods costing $215, 000 were sold on account for 140 percent of cost. h. Any over-or under applied overhead is closed to Cost of Goods Sold. 1. Prepare journal entries to record these transactions. 2. Prepare a T-account for Overhead Control. Post all relevant information to this account. What is the ending balance in this account? 3. Prepare a T-account for Work-in-Process Inventory. Assume a beginning balance of $10, 000, and post all relevant information to this account. Did you assign any actual overhead costs to Work-in-Process Inventory? Why or why not