Part $1$ Job Order Costing

James and Ken went to college together, and both majored in computer science. A few years ago, they formed a computer company called Widget, Inc. Widget Inc. is a manufacturer of enterprise management systems. Assume that the company has a division that does custom jobs for large clients. Production costs are accounted for using a job cost system. Suppose that at the beginning of the month, raw materials inventory totaled $$18,000,$ manufacturing supplies amounted to $$11,800,$ and two jobs were in process Job $355$ with assigned costs of $$38,750$ and Job $356$ with assigned costs of $$12,800,$ and there were no finished goods inventories. There was no under$-$applied or over$-$applied manufacturing overhead on the first day of the month.

The following information summarized the month$$s manufacturing activities:

Widget purchased raw material costing $$120,000$ on account. Widget purchased manufacturing supplies costing $$9,000.$ The manager process requisitioned materials for the various jobs in process. The requisitioned material needed to complete Job $356$ was $$25,200.$ Widget started two new jobs and assigned those numbers $357$ and $358.$ The requisitioned direct materials for $357$ was $$39,000,$ and $358$ was $$35,500.$

Direct labor costs for the month were incurred at a rate of $$40\mathrm{.}00$ per hour. Job $355$ needed $700$ hours. Job $356$ needed $1,500$ hours. Job $357$ needed $2,200$ hours. Job $358$ needed $1000$ hours.

Manufacturing supplies used for the month totaled $$10,500.$ Widget recognized depreciation on factory assets of $$50,000.$ The company incurred miscellaneous manufacturing overhead cost of $$42,750$ on account. The company applied manufacturing overhead at a rate of $$18\mathrm{.}00$ per direct labor hour. The following jobs were completed in the month: Jobs $355,356,$ and $357.$ The following jobs were delivered to customers: Jobs $355$ and $356.$

Required

$1.$ Prepare in good form the journal entries and T accounts showing the flow of costs through all the accounts in the manufacturing process including the Work$-$in$-$Process, Finished Goods, and Costs of Goods Sold accounts. Please show all accounts used and their ending balances!

$2.$ Show the job costs details for each job to support the balances in Work$-$in$-$Process, Finished Goods, and Costs of Goods Sold accounts.

$3.$ Is the manufacturing overhead over or under applied? Please show the journal entry to close the manufacturing overhead account.

$4.$ Prepare in good form a Statement of Costs of Goods Manufactured for the month.