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 $16,100. 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 $4,300 and direct labor $5,100, 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 $5,400. On December 31, Job No. 157 was the only job finished that was not sold. It had a cost of $4.500. Manufacturing overhead was $1,145 underapplied in December. 3. 4 List the letters (a) through (m) and indicate the amount pertaining to each letter. Raw Materials Inventory 8010 (a) Dec. 31 Dec. 1 Beginning balance Requisitions 17,950 31 Purchases Dec 31 Ending balance 18,225 8,285 Work in Process Inventory 26235 (b) Dec. 31 Jobs completed Dec. 1 Beginning balance (0) 31 Direct materials 4300 (0 1.92/25 Question 4 of 4 31 Direct labor 9,100 31 Overhead (d) Dec 31 Ending balance (e) Finished Goods Inventory (g) Dec 31 Cost of goods sold Dec 1 Beginning balance 0 31 Completed jobs Dec. 31 Ending balance 0 Factory Labor 12,225 Dec. 31 Dec. 31 Factory wages Wages assigned (k) Dec 31 Indirect materials Manufacturing Overhead 3,400 Dec. 31 Overhead applied 31 Indirect labor (0 31 Other overhead 1,445 e Textbook and Media