please answer with explanation E$2-20($Algo$)$ Recording Manufacturing Costs $[$LO $2-3,2-4,2-5]$

Reyes Manufacturing Company uses a job order cost system. At the beginning of January, the company had one job in

process $($Job $201)$ and one job completed but not yet sold $($Job $200).$ Job $202$ was started during January. Other select

account balances follow $($ignore any accounts that are not listed$).$

During January, the company had the following transactions:

a$.$ Purchased $$68,000$ worth of materials on account.

b$.$ Recorded materials issued to production as follows:

c$.$ Recorded factory payroll costs from labor time tickets that revealed the following:

d$.$ Applied overhead to production at a rate of $$28\mathrm{.}00$ per direct labor hour for $495$ actual direct labor hours.

e$.$ Recorded the following actual manufacturing overhead costs:

f$.$ Completed Job $201$ and transferred it to Finished Goods Inventory.

g$.$ Sold Job $200$ for $$50,600.$

Job $202$ was still in process at the end of January.

Required:

Post the preceding transactions to T$-$accounts. $($Note: Capture the offsetting of debits and credits to other accounts

such as Cash, Payables, Accumulated Depreciation, and so on in Miscellaneous Accounts.$)$

Compute the ending balance in the following accounts:

a$.$ Raw Materials Inventory.

b$.$ Work in Process Inventory.

c$.$ Finished Goods Inventory.

d$.$ Cost of Goods Sold $($unadjusted$).$

e$.$ Manufacturing Overhead $($Specify if overhead is overapplied or underapplied$).$

Compute the total cost of Jobs $201$ and $202$ at the end of January.