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 Requisitions 18,650 17.725 31 Purchases Dec 31 Ending balance 8,385 Work in Process Inventory Dec 1 Beginning balance (6) Dec 31 Jobs completed 31 Direct materials (c) c 31 Direct labor 9.100 31 Overhead (d) d Dec 31 Ending balance le) ) Finished Goods Inventory Dec 1 Beginning balance (s) 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) Manufacturing Overhead Dec 31 Indirect materials 3.400 Dec 31 Overhead applied (m) 31 Indirect labor (0) 31 Other overhead 1,345