P16-5A Phillips Corporation's are found in its job order cost accoun Problems: Se poration's fiscal year ends on November 30. The following accounts er cost accounting system for the first month of the new fiscal year. Dec. 1 Beginning balance 31 Purchases Dec. 31 Ending balance Analyse accounts missing a (LO 1, 2, a 16,850 XLS (b) Dec (d) Raw Materials Inventory beginning balance (a) Dec. 31 Requisitions ons 17,225 7,975 Dec. 1 Work in Process Inventory Beginning balance inning balance (b) 31 Direct materials Dec. 31 Jobs completed (c) 31 Direct labor 8,400 31 Overhead Dec. 31 Ending balance Finished Goods Inventory Dec. 1 Beginning balance (g) Dec. 31 Cost of goods sold 31 Completed jobs (h) Dec. 31 Ending balance 6 Factory Labor Dec. 31 Factory wages 12,025 Dec. 31 Wages assigned Manufacturing Overhead Dec. 31 Indirect materials 2,900 Dec. 31 Overhead applied 31 Indirect labor (1) 1,245 31 Other overhead (1) (k) (m) Other data: 1 On December 1, two jobs were in process: Job No. 154 and Job No. 155. These jobs had combined direct materials costs of $9,750 and direct labor costs of $15,000, Overhead was applied at a rate that was 75% of direct labor cost. During December, Job Nos. 156, 157, and 158 were started. On December 31. Job No. 158 w e unfinished. This job had charges for direct materials $3,800 and direct labor $4800 plus wanufacturing overhead. All jobs, except for Job No. 158, were completed in December December 1, Job No. 153 was in the finished goods warehouse. It had a total cost of 3. On December 1, Job No. 153 was in the finish 5000 On December 31, Job No. 157 was the only job finished that was not sold. It had ufacturing overhead was $1,470 underapplied in December S () $13,95 a cost of $4,000. 4. Manufacturing overhead was $1.49 Instructions List the letters (a) through (m) and indie (1) $52.45 is (a) through (m) and indicate the amount pertaining to each letter. $53,45