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need help please show work? Work in process inventory, $4,000 ($3,000 - Job 102; $1,000 - Job 103) Job Costing Hilustration ABC Company had the

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Work in process inventory, $4,000 ($3,000 - Job 102; $1,000 - Job 103) Job Costing Hilustration ABC Company had the following beginning balances: Raw materials, $1,000. Finished goods inventory $6,000 ($6,000 - Job 101) Accounts payable, $500. a. During the month, ABC had the following transactions: Raw materials purchased on account, $10,000. b. Raw materials used in production, $7,000 ($2,000 was indirect materials: $3,747 was direct materials for Job 102; $925 was direct materials for Job 103; 5328 was direct materials for Job 104). c. Direct labor during the month, $9,000 (workers are paid $9 an hour; $8,478 - Job 102, $450 - Job 103; $72 - Job 104). d. Indirect labor during the month was $4,000. e. Accrued factory rent for the month, $5,000. f. Accrued factory insurance during the month, $1,000. 8. Factory equipment depreciation for the month was $2,000. h. Factory overhead was applied to work in process. i. Jobs 102 and 103 were completed and transferred to finished goods during the month. 1 Jobs 101 and 102 were sold during the month. k. Overapplied/underapplied manufacturing overhead was transferred to cost of goods sold. . Additional information: Manufacturing overhead is allocated based on direct labor hours. Estimated manufacturing overhead for the month is $15,000, and estimated direct labor hours are 1,200 hours. Required: 1. Post transactions a-k above to t-accounts. Find the ending balance in each account and specify whether this balance would be reflected on the company's income statement or balance sheet. 2. Journalize the above transactions a-k. Raw Materials Inventory Date Description Deti Geen WIP Inventory-Job 102 WIP Inventory-lob 103 WIP Inventory Job 104 FG Inventory - Job 101 FG Inventory Job 102 FG Inventory - Job 103 Accounts payable Cost of goods sold Manufacturing Overhead Wares payable Accumulated depreciation Predetermined overhead rate= Estimated manufacturing overhead Estimated driver Predetermined overhead rate

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