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 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 $15,900 Overhead was applied at a rate that was 75% of direct labor cost. 2. 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 $4,100 and direct labor $5.200, plus manufacturing overhead. Alljobs, 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 $5,500. On December 31, Job No. 157 was the only job finished that was not sold. It had a cost of $4,400. 4 Manufacturing overhead was 51,695 underapplied in December 3 List the letters (a) through (m) and indicate the amount pertaining to each letter, Raw Materials Inventory Dec 1 Beginning balance 7000 (a) Dec 31 Requisitions 17.250 31 Purchases 18.725 Dec 31 Ending balance 8.475 Work in Process Inventory Dec 1 Beginning balance (b) Dec 31 Jobs completed (0) 31 Direct materials (c) c 31 Direct labor 8.900 31 Overhead (d) Dec 31 Ending balance (e) ) Finished Goods Inventory Dec. 1 Beginning balance (8) Dec 31 Cost of goods sold (0) 31 Completed jobs (h) Dec. 31 Ending balance 0) Factory Labor Dec 31 Factory wages 12.125 Dec 31 Wages assigned (k) Dec 31 Factory wages 12,125 Dec. 31 Wages assigned (k) Manufacturing Overhead Dec 31 Indirect materials 3.500 Dec 31 Overhead applied (m) 31 Indirect labor 31 Other overhead 1.645 Textbook and Media