Phillips Corporation's fiscal year ends on November 30. The following accounts are found in its job order cost accounting system for the first month of the new fiscal year. Other data: 1. 2. On December 1, two jobs were in process: Job No. 154 and Job No. 155. These jobs had combined direct materials costs of $9.950 and direct labor costs of $16,600. 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 was unfinished. This job had charges for direct materials $3.900 and direct labor $4.900, plus manufacturing overhead. All jobs, except for Job No. 158, were completed in December. On December 1, Job No. 153 was in the finished goods warehouse. It had a total cost of $5,600. On December 31, Job No. 157 was the only job finished that was not sold. It had a cost of $4,400 Manufacturing overhead was $945 underapplied in December. 3. 4. List the letters (a) through (m) and indicate the amount pertaining to each letter. Raw Materials Inventory Dec. 1 Beginning balance (a) Dec 31 31 Purchases 17,725 Dec 31 Ending balance 8,385 Requisitions 18,650 Work in Process Inventory (b) Dec. 31 Jobs completed f) 31 c Dec 1 Beginning balance Direct materials 31 Direct labor 31 Overhead 9.100 (d) Dec 31 Ending balance le Finished Goods Inventory g) Dec 31 Cost of goods sold Dec 1 Beginning balance 31 Completed jobs Dec 31 Ending balance (h) 0) Factory Labor 12,125 Dec. 31 Dec. 31 Factory wages Wages assigned (k) Manufacturing Overhead 3.400 Dec 31 Overhead applied (m) Dec 31 Indirect materials 31 Indirect labor 31 Other overhead (1) 1.345