please orderly solve. thanks :)

XYZ Company is a manufacturing firm that uses job-order costing. The company's inventory balances were follows at the beginning and end of the year:

	Beginning Balance	Ending Balance
Rawmaterials	$17,500	$28,500
Work in process	33,750	11,250
Finished goods	77,500	96,500

The company applies overhead to jobs using a predetermined overhead rate based on machine-hours At the beginning of the year, the company estimated that it would work 41, 250 machine-hours and incur $288,750 in manufacturing overhead cost. The following transactions were recorded for the year:

1) Raw materials were purchased, $395,000 on account.

2) Raw materials were requisitioned for used in production, $384,000 ($351,000 direct and $33,000 indirect).

3) The following employee costs were incurred, direct labor, $472,000, indirect labor, $120,000; and administrative saluries, $215,000,

4) Selling costs incurred, $184, 000.

5) Factory utility costs incurred, S12,000

6) Dpreciution for the was S157,000 of which S145,000 is related to factory operations and S+2,000 related to selling and administrative activities.

7) Manufacturing overhead was applied to jobs. The actual level of activity for the year was 42,500 machine hours

8) Units finished were transferred to finished goods (Compute the amount) Sales for the year totaled S1,566,000 account Finished goods adjusted. (Compute COGS)

Required:

a. Prepare journal entries, and post the ledger accounts. (You don't have to open every account, open the necessary ones)

b. Prepare a schedule of cost of goods manufactured in good form.

c. Was the overbead under- or overapplied? By how much?

d. Prepare an income statement for the year in good form. The closes any under- ot overapplied overhead to Cost of Goods Sold.

(Hint: Use the begining and ending balances of related accounto find COGM and COGS)