Konanlax Data Systems manufactures specialty transportation equipment. Since the equipment is unique, Konanlax designs each piece to customer specifications. The company uses a job-order cost system and applies overhead on the basis of machine hours using a predetermined overhead rate. For the year, budgeted manufacturing overhead is $4,800,000 and the expected activity level is 120,000 machine hours. Data regarding jobs in June 2018 are presented below By the end of Juney 2018, all jobs but NM824 & TX825 were completed, and all completed jobs had been delivered to customers with the exception of AR567 and OR123 Konanlax Data Systems Job.No CO134 AR567 OR123 NM824 CA996 TX825 Beginning BalanceDirect 6/01/2018 $218,635 69,123 95,632 18,520 Materials $18,250 13,625 2,680 68,400 105,000 28,900 Direct Labon $28,400 12,160 5,460 48,000 136,800 12,580 Machine Hours 240 375 291 2,100 3,200 1,400 1. Find the January ending balances for the following accounts a. Work in Process b. Finished Goods 2. What is the amount of Cost of Goods Manufactured? 3. What was the cost of the goods sold