Only answer #2 and e.

Job Cost Flows, Journal Entries On April 1, Sangvikar Company had the following balances in its inventory accounts: Materials Inventory $12,720 Work-in-Process Inventory 21,350 Finished Goods Inventory 8,800 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 1,800 1,560 4,300 Applied overhead 1,080 936 2,580 During April, Sangvikar experienced the transactions listed below. a. Materials purchased on account, $30,000. b. Materials requisitioned: Job 114, $16,500; Job 115, $12,400; and Job 116, $5,000. C. Job tickets were collected and summarized: Job 114, 150 hours at $14 per hour; Job 115, 220 hours at $17 per hour; and Job 116, 80 hours at $18 per hour. d. Overhead is applied on the basis of direct labor cost. e. Actual overhead was $4,675. f. Job 115 was completed and transferred to the finished goods warehouse. 9.(1) Job 115 was shipped, and (2) the customer was billed for 140 percent of the cost. Required: 1. Prepare journal entries for the April transactions. Materials a 30,000 Accounts Payable 30,000 b. Work in Process 33.900 Materials 33,900 c. Work in Process 7.280 Wages Payable 7.280 d. Work in Process 4.368 Overhead Control 4,368 e. Overhead Control x 4,675 Accounts Receivable x 4,675 f. Finished Goods 23.520 Work in Process 23,520 9 (1). Cost of Goods Sold 23,520 Finished Goods 23,520 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 Feedback Check My Work The use of T-accounts would provide a good picture of balances and transactions for the month ending in an April 30 balance. Remember to focus on the normal balance of the accounts. What is the increasing side? The decreasing side? This will be helpful when posting the journalized transactions. Work in Process Feedback Check My Work The use of T-accounts would provide a good picture of balances and transactions for the month ending in an April 30 balance. Remember to focus on the normal balance of the accounts. What is the increasing side? The decreasing side? This will be helpful when posting the journalized transactions. Finished Goods