Please verify answered questions are correct and solve for #2.

Options for blanks in question 2.

On April 1, Sangvikar Company had the following balances in its inventory accounts: Materials Inventory $12,730 Work-in-Process Inventory 21,340 Finished Goods Inventory 8,700 Work-in-process inventory is made up of three jobs with the following costs: Job 114 Job 116 Direct materials $2,411 Job 115 $2,640 1,560 $3,650 4,300 Direct labor 1,800 Applied overhead 1,170 1,014 2,795 During April, Sangvikar experienced the transactions listed below. a. Materials purchased on account, $29,000. b. Materials requisitioned: Job 114, $16,500; Job 115, $12,200; and Job 116, $5,000. C. Job tickets were collected and summarized: Job 114, 150 hours at $12 per hour; Job 115, 220 hours at $14 per hour; and Job 116, 80 hours at $18 per hour. d. Overhead is applied on the basis of direct labor cost. e. Actual overhead was $4,415. f. Job 115 was completed and transferred to the finished goods warehouse. g. (1) Job 115 was shipped, and (2) the customer was billed for 125 percent of the cost. Required: 1. Prepare journal entries for the April transactions. a. Materials 29,000 Accounts Payable 29,000 b. Work in Process 33,700 Materials 33,700 Work in Process 29,000 Wages Payable 29,000 d. Work in Process 4,108 Overhead Control 4,108 Overhead Control 4,108 Various Accounts 4,108 Finished Goods 22,496 Work in Process 22,496 9 (1). Cost of Goods Sold 22,496 Finished Goods 22,496 9 (2). Accounts Receivable 28,120 Sales Revenue 28,120 2. Calculate the ending balances of each of the inventory accounts as of April 30. Post the entries to the T-accounts in the same order in which they were journalized. Materials Work in Process Finished Goods Bal. (a) (b) (d) (e) (f) (91) (92)