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

Materials Inventory $$12,760$

Work$-$in$-$Process Inventory $21,350$

Finished Goods Inventory $8,700$

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

Job $114$ Job $115$ Job $116$

Direct materials $$2,804$ $$2,640$ $$3,650$

Direct labor $1,8001,5604,300$

Applied overhead $1,0809362,580$

During April, Sangvikar experienced the transactions listed below.

Materials purchased on account, $$28,000.$

Materials requisitioned: Job $114,$ $$16,500$; Job $115,$ $$12,400$; and Job $116,$ $$5,000.$

Job tickets were collected and summarized: Job $114,150$ hours at $$12$ per hour; Job $115,220$ hours at $$15$ per hour; and Job $116,80$ hours at $$18$ per hour.

Overhead is applied on the basis of direct labor cost.

Actual overhead was $$4,231.$

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

$(1)$ Job $115$ was shipped, and $(2)$ the customer was billed for $125$ percent of the cost.

Required:

Question Content Area

$1.$ Prepare journal entries for the April transactions.

$2.$ Calculate the ending balances of each of the inventory accounts as of April $30.$ Post the entries to the T$-$accounts in the same order in which they were journalized.