Mountain Manufacturing Company produces custom stamped metal parts for a variety of customers in Western Canada. During January, the company had two jobs in process. Job A was an order for 1,200 stamped parts and was started in December. Job A had $12,000 of manufacturing costs already accumulated on January 1. Job B was an order for 1.000 stamped parts and was started in January. The company used a job-order costing system. Total manufacturing overhead for the year was estimated to be $576,000. Mountain Manufacturing uses direct labour-hours as the allocation base to establish its predetermined overhead rate. A total of 19,200 direct labour-hours are expected to be worked during the year. On January 1, the start of the company's fiscal year, inventory account balances were as follows: Raw Materials Work in Process Finished Goods $15,000 $12,000 $10,000 During the month of January, the following transactions were completed: a. Raw materials were purchased for $30,000. b. Raw materials were requisitioned for use in production in the amount of $35,000. Of this amount, $25,000 was related to manufacturing ($5,000 for Job A and $20,000 for Job B) and the rest were indirect materials. c. In January, $32,000 of direct labour ($7,000 for Job A and $25,000 for Job B). In addition, $2,000 of indirect labour costs were incurred. d. In January, the company incurred the following general factory costs: Utilities expense of $8,000, rent on factory equipment of $8,000, and insurance costs of $1,900. e. The company recognized $10,000 in depreciation on factory equipment. f. The company applied manufacturing overhead to Job A and Job B. A total of 350 direct labour-hours were spent completing Job A and 1,250 direct labour-hours were recorded for Job B. Raw Materials Work in Process Finished Goods $15,000 $12,000 $10,000 During the month of January, the following transactions were completed: a. Raw materials were purchased for $30,000. b. Raw materials were requisitioned for use in production in the amount of $35,000. Of this amount, $25,000 was related to manufacturing ($5,000 for Job A and $20,000 for Job B) and the rest were indirect materials. c. In January. $32,000 of direct labour ($7,000 for Job A and $25,000 for Job B). In addition, $2,000 of indirect labour costs were incurred. d. In January, the company incurred the following general factory costs: Utilities expense of $8,000, rent on factory equipment of $8,000, and insurance costs of $1,900. e. The company recognized $10,000 in depreciation on factory equipment. f. The company applied manufacturing overhead to Job A and Job B. A total of 350 direct labour-hours were spent completing Job A and 1,250 direct labour-hours were recorded for Job B. g. Administrative salaries of $30,000 were paid in January h. Selling expenses totalled $6,000 in January. i. Job A was completed in January. The completed cost of Job A according to the job cost sheet was $34,500. Job B remains in process at the end of January. j. Sales of all 1,200 units in Job A were recorded on account in the amount of $48,300 in January. Answer is not complete. Accounts Receivable Raw Materials Beg. Bal. j. Beg. Bal. a. 48,300 48,300 15,000 30,000 10,000 35,000 b. End. Bal. End. Bal. Beg. Bal. Beg. Bal. i. Finished Goods 10,000 34,500 34,500 10,000 > b. Work in Process 12,000 25,000 32,000 X 34,500 48,000 82,500 j. C. i. End. Bal. f. End. Bal. Beg. Bal. Beg. Bal. C. Accounts Payable 30,000 34,000 X c. 17.900 d. 6,000 h. IS Manufacturing Overhead 10,000 2,000 17,900 10,000 48,000 8,100 d. BIOIO 0. 1. End. Bal. 87.900 End. Bal. Salaries Expense Salaries & Wages Payable Return to question c. > d . d. 2,000 17,900 10,000 34,000 C 17,900 d. 6,000 h. e. f. End. Bal. 48,000 8,100 End. Bal. 87,900 Salaries Expense Beg. Bal. Salaries & Wages Payable 34,000 30,000 Beg. Bal. 9 9 > 30,000 30,000 End. Bal. End. Bal. 64,000 Sales Cost of Goods Sold Beg. Bal. Beg. Bal. 48,300 48,300 34,500 34,500 End. Bal. End. Bal Accumulated Depreciation Selling Expenses Bog. Bal. e. 10,000 10,000 Bog. Bal. h. End. Bal 60,000 60,000 End. Bal