Part B Job Costing (8 marks) Answer the questions and record the following independent transactions into the general journal:

(a) Opening balance of the raw materials control account was $3,000. Closing balance of the same account is $5,000. $20,000 was issued for manufacturing. How much was purchased? much was purchased

(b) Direct Material used was 167700 Direct labour incurred 244500 Overhead is applied at (%) 147 Actual Overhead 359400

Was overhead under or overapplied? And how much? Record the transfer to Finished goods inventory and the adjustment to under or over applied of overhead