Please answer 4-30. Below is 4-28 question and answer for background to 4-30:

XLS 4-28 Job order costing (CMA adapted) (LO 5) ErgoFurn, Inc. manufactures ergonomically designed computer furniture. ErgoFurn uses a job order costing system. On November 30, the Work in Process Inventory consisted of the following jobs: Job No. Item Units Accumulated Cost CC723 Computer caddy 20,000 $ 900,000 CH291 Chair 15,000 431,000 PS812 Printer stand 25,000 250,000 $1,581,000 On November 30, ErgoFurn's Raw Materials Inventory account totaled $668,000, and its Finished Goods Inventory totaled $3,456,400. ErgoFurn applies manufacturing overhead on the basis of machine hours. The company's manufacturing overhead budget for the year totaled $4,500,000, and the company planned to use 900,000 machine hours during the year. Through the first eleven months of the year, the company used a total of 830,000 machine hours, total manufacturing overhead amounted to $4,274,500, and Cost of Goods Sold was $8,750,250. ErgoFurn purchased $638,000 in raw materials in December and incurred the following costs for jobs in process that month: Job No. CC723 CH291 PS812 DS444 Materials Issued $155,000 $ 13,800 $211,000 $252,000 Machine Hours 12,000 4,400 19,500 14,000 Direct Labor Hours 11,600 3,600 14,300 12,500 Direct Labor Cost $122,400 $ 43,200 $200,500 $138,000 The following jobs were completed in December and transferred to the Finished Goods Inventory: Job No. CC723 CH291 DS444 Item Computer caddy Chair Desk Units 20,000 15,000 5,000 Required a. Calculate the total cost of each of the four jobs worked on in December. b. Calculate the total manufacturing cost for December. C. Calculate the cost of goods manufactured for December. d. Calculate the balance in the Work in Process Inventory account on December 31. e. Assume that ErgoFurn sold 15,000 computer caddies, 12,000 chairs, and 4,500 desks in December. Calculate Cost of Goods Sold for the month of December and the ending Finished Goods Inventory balance on December 31. 4-28: Predetermined overhead rate= MOH budget / budget base = $4,500,000/900,000 5.00 per machine hr a. (from Accumulated Cost) (from Materials Issued) (given) (machine hrs given x 5) Job No. Beg. Cost Direct Materials Direct Labor Overhead Total Cost CC723 CH921 PS812 $ 900,000 $ 431,000 $ 250,000 $ 155,000 $ 13,800 $ 211,000 $ 122,400 $ 43,200 $ 200,500 $ 60,000 $ 22,000 $ 97,500 $ 1,237,400 $ 510,000 $ 759,000 DS444 Total $ - $ 1,581,000 $ 252,000 $ 631,800 $ 138,000 $ 504,100 $ 70,000 $ 249,500 $ 460,000 $ 2,966,400 b. Direct Materials Used Direct Labor Overhead Total Manufacturing Costs 631,800 504,100 249,500 1,385,400 Cost of Goods Manufactured $ 2,207,400 Total cost for jobs completed in December and transferred to finished goods inventory d. WIP Inventory 759,000 Jobs in process for November, not completed in December (only job PS812) Job No. (from Accumulated Cost) Beginning Cost (from Materials Issued) Direct Materials (given) Direct Labor (machine hrs given x 5) Overhead Total Cost (given in completed jobs table) Units Produced (total cost/units produced) Cost Per Unit Units Sold (cost per unit x units sold) COGS (total cost-COGS) CC723 CH291 DS444 Total $ 900,000 $ 431,000 $ $ 155,000 $ 13,800 $ 252,000 $ 122,400 $ 43,200 $ 138,000 $ 60,000 $ 22,000 $ 70,000 $ 1,237,400 $ 510,000 $ 460,000 20,000 15,000 5,000 $ 61.87 $ 34.00 $ 92.00 15,000 12,000 4,500 $ 928,050 $ 408,000 $ 414,000 $ 1,750,050 Finished Goods Inventory Beginning Balance COGM COGS End Balance 3,456,400 2,207,400 1,750,050 3,913,750 KLS 4-30 Under- and overapplied overhead (LO 6) Refer to Problem 4-28. If you have not completed that problem, do so at this time. Required a. ErgoFurn incurred $395,000 in manufacturing overhead in December. Given that expenditure, was manufacturing overhead under- or overapplied for the year? By how much? b. Why was overhead under- or overapplied for the year? C. Assume that ErgoFurn closes under- or overapplied overhead to the Cost of Goods Sold account. Prepare the journal entry to close the manufacturing overhead account. d. Assume that ErgoFurn prorates under- or overapplied overhead to the appropriate accounts. Calculate the allocated amounts and adjust the account balances as needed. e. Which method of under- or overapplied overhead disposition is more appropriate for ErgoFurn? Why