Minicase 4 Job Order Accounting Radical Jets produces and sells custom built jets for corporate and personal use. The following information was found in the general ledger: Materials inventory Goods in process Finished Goods Beginning Balance $50,000 $200,000 $325,000 Current jobs: Job No. Direct Materials Direct Labor Factory Overhead Total Costs 2145 2146 2147 2148 2150 $9,000 $8,000 $7,500 $6,000 $5,000 $4,300 12,000 $10,000 $9,000 $7,500 $7,000 $3,600 Indirect Totals Factory overhead is applied based on direct labor costs. The company estimates that factory overhead is $136,500 .Required: 1. 2. 3. 4. 5. 6. 7. Record the entry for the purchase of $34,000 in materials on account. Record the entry for the requisition of materials Record the entry for labor Record the application of factory overhead Record the completion of jobs: 2145, 2146, and 2147 Record the sale of job 2145 for $50,000. What are the ending balances for the three inventory accounts