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Question 3 - Workers Wood Products (12 marks) Workers Wood Products Ltd (WWP) is a small custom wood working business located just cutside of Londan, Ontaria WWP uses a job-: order costing system to keep track of the costs for all of its jobs. At the beginaing of the year, the proprietor, Troy Polamalu, estimated that kis manufacturirg overhead was going to be $185,000 for the year. Because the largest percentage of costs were raw materials, manufacturing overhead was applied based on the cost of raw materials. Total raw materials for the year was expected to be $223,330. The following was the only production data recorded for September. Job Tab16 was finished during the month and delivered to the customer (sold) before the end of September. Jobs Hut 32 and Bar 19 were not yet complete at the end of September. Job Tab15 was finished at the end at September but had not yet been invciced or delivered to the astamer prior to month end. Required: Please answer the following 4 questions using the data above. I have left space after each question for your to do your work. If you need more space you can irsert rows. Please do not wse column A as I would like to use it to record my marking. 1 What was the predetermined overhead rate to be used to apply manufacturing overhead to jobs? (2 marks) 2 What is the Woek tn Process imventory balance at the end of September? (4 marks) 3 Actual overhead incurred in Sept. was 510,520NotE:IfthereisnonumberintheboxtotheleftitmeansyouhavententeredyourstudentmumberontheCovertab. What was the over/underapplied overhead? (2 marks) 4 It 56,450 was the costs for a Job Bar 18 (invoiced in September) that was in Finished coods inventary at the beginning of September: a) What was cost of goods sold for the month of September? WWP doses out its over/under applied overhead to cost of goods sold. (3 marks) b) what is the balance in Finkhed Goods linventory at the end of September? (1 mark)