PART A (10 marks) The WildSide Company modifies production motorcycles for superbike racing to customer order. It operates a job costing system. The following information is available for the month of June 20X3: General ledger balances 1/6/X3: Raw material inventory $30,000 Manufacturing supplies inventory $5,000 Work in process inventory $50,600 Finished goods inventory $36,000 This relates to Job XS345 Details of Work in process from job cards at 1/6/X3 were as follows: Jobb Direct Direct Overhead | TOTAL Material | Labour XS346 /$8,000 $10,000 $6,000 | $24,000 XS347 $4,000 $5,000 $3,000 $12,000 XS348 $5,000 $6,000 $3,600 $14,600 b All of these jobs had been started in May. Indirect material issued during June: $8,000 Indirect labour cost during June: $5,000 Job Direct Direct material labour issued hours during during June June XS346 80 XS347 $8,000 120 XS348 $6,500 150 XS349 $9,500 120 XS350 $7,500 100 During the month the direct labour rate was $90 per hour. Manufacturing overhead is allocated on the basis of direct labour dollars and is allocated at the same rate that was used in the previous month. Jobs XS346 and XS347 were completed during June and transferred to Finished Goods inventory