On April 1, Manda Company had the following balances in its inventory accounts:

Materials Inventory $ 12,450

Work-in-process Inventory 22,605

Finished Goods Inventory 4,600

Work-in-process inventory is made up of three jobs with the following costs:

Job 114 Job 115 Job 116

Direct Materials $ 3,650 $ 1,900 $ 3,650

Direct Labor 1,800 1,560 4,300

Applied overhead 1,350 1,170 3,225

During April, Manda experienced the transactions listed below:

a. Materials purchased on account, $ 26,000.

b. Materials requisitioned: Job 114, $ 16,500; Job 115, $ 12,200; and Job 116,$ 5,000.

c. Job tickets were collected and summarized: Job 114, 350 hours at $12 per hour; Job order 115, 280 hours at $15 per hour; and Job 116, 150 hours at $20 per hour.

d. Overhead is applied on the basis of direct labor cost.

e. Actual overhead was $8,718

f. Job 115 was completed and transferred to the finished goods warehouse.

g. Job 115 was shipped, and the customer was billed for 120 percent of the cost.

Required:

a. Calculate the predetermined overhead rate based on direct labor cost.

b. Calculate the ending balance for each job as of April 30.

c. Calculate the ending balance for Work in Process as of April 30.

d. Calculate the cost of goods sold for Apil

e. Assuming that Manda prices its jobs at cost plus 20 percent, calculate the price of each job that was sold during April. (Round to the nearest dollar)

f. Prepare journal entries for the April transactions.

g. Calculate the ending balances of each of the inventory accounts as of April 30.

h. Prepare an income statement for Manda Company for April. Manda's Selling and administrative expenses for April was $ 1,860