Please answer asap clearly showing all workings and in table form

UNIVERSITY OF THE WEST INDIES Mona Campus ACCT 1003 - Intro. To Cost & Management Accounting Worksheet # 4: Job Order Costing Lecture Questions Question 1 Peterson Corporation Company uses a job costing system and had the following data available for the current period. (i) Purchased materials on account $70,000 (ii) | Materials requisitioned( includes $6,500 of indirect material) 54,500 (iii) | Manufacturing wages incurred 75,000 (iv) | Assigned manufacturing wages, 85% direct labour,15% indirect labour (v) | Depreciation of factory equipment 13,500 (vi) | Other manufacturing overhead incurred 45,900 vii) | Manufacturing overhead applied (as a % of direct labour cost) 130% (viii) | Cost of goods completed 165,000 (ix) | Cost of goods sold (on account) at a mark-up of 45% 130,000 State the journal entries necessary to record the above transactions. As your final journal entry, dispose of any overhead variance as a direct write-off to COGS. Question 2 Getaway Homes manufactures prefabricated housing unit. The company uses a perpetual inventory system and a job costing system in which each unit is a job. The following events occurred during May. i) Purchased materials on account, $405,000 ii) Incurred manufacturing wages of $111,600 iii) Requisitioned direct materials and used direct labour in manufacturing Direct Materials Direct Labour $ $ Unit 13 41,100 14,800 Unit 14 56,800 28,700 Unit 15 62,100 19,200 Unit 16 66,000 21,000 iv) Indirect manufacturing wages incurred on units 13 to 16 amounted to $27,900 v) Depreciation of manufacturing equipment used on the different units, $20,000 vi) Other overhead costs incurred on units 13 through 16 amounted to $16,400 vii) Allocated overheads to jobs at the predetermined rate of 60% of direct labour cost viii) Units completed: 13, 15 and 16 ix) Units sold: 13 for $99,000; 16 for $141,900 Required: (a) Record the preceding events in the general journal. (b) Open T-accounts for Work in Process Inventory and Finished Goods Inventory. Post the appropriate entries to these accounts, identifying each entry by letter. Determine the ending account balances, assuming that the beginning balances were zero. (c) Compute the gross profit on each unit that was sold. What costs must the gross profit cover for Getaway Homes