On April 1, Sangvikar Company had the following balances in its inventory accounts: Materials Inventory $12,760 Work-in-Process Inventory 21,320 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 $2,774 $2,640 $3,650 Direct labor 1,800 1,560 4,300 Applied overhead 1,080 936 2,580 During April, Sangvikar experienced the transactions listed below. Materials purchased on account, $28,000. Materials requisitioned: Job 114, $16,500; Job 115, $12,000; and Job 116, $5,000. Job tickets were collected and summarized: Job 114, 150 hours at $15 per hour; Job 115, 220 hours at $17 per hour; and Job 116, 80 hours at $18 per hour. Overhead is applied on the basis of direct labor cost. Actual overhead was $4,765. Job 115 was completed and transferred to the finished goods warehouse. (1) Job 115 was shipped, and (2) the customer was billed for 140 percent of the cost. Required: Question Content Area 1. Prepare journal entries for the April transactions. a. - Select - - Select - b. - Select - - Select - c. - Select - - Select - d. - Select - - Select - e. - Select - - Select - f. - Select - - Select - g (1). - Select - - Select - g (2). - Select - - Select - Question Content Area 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. Materials fill in the blank 4250c3fd1f99000_2 fill in the blank 4250c3fd1f99000_4 fill in the blank 4250c3fd1f99000_6 fill in the blank 4250c3fd1f99000_7 Question Content Area Work in Process fill in the blank 5239b5f32068fa6_2 fill in the blank 5239b5f32068fa6_4 fill in the blank 5239b5f32068fa6_6 fill in the blank 5239b5f32068fa6_8 fill in the blank 5239b5f32068fa6_10 fill in the blank 5239b5f32068fa6_11 Question Content Area Finished Goods fill in the blank 32abe5063ff9fc8_2 fill in the blank 32abe5063ff9fc8_4 fill in the blank 32abe5063ff9fc8_6 fill in the blank 32abe5063ff9fc8_7