- Portland Company as a job order costing kystem to assign manufacturing costs to jobs During January the company completed the following mansactions (all figures are in $1,000) Purchased raw materials of account, 574 b. Raw materials used in production, $77 (567 was direct materials and 510 was indirect materials). cPaid 5167 of salaries and wages in cash (95 was direct labor, 535 was indirect labor, and 537 was related to employees responsible for selling and administration) d. Various manufacturing overhead costs incurred on account) to support production, $33. Depreciation recorded on property, plant, and equipment. $90 (7096 related to manufacturing equipment and 30% related to assets that support selling and administration) Various selling expenses paid in cash, $20. + Manufacturing overhead applied to production, $192 h Cost of goods manufactured, 5288 Cash sales to customers, $395. Cost of goods sold (unadjusted). 5285 k Underapplied or overapplied overhead is closed to COGS To answer the questions on the next page, enter the numbers relevant for calculation in the table below. Use a positive number if the account balance increase and a negative numbee if it decreases. If the numbers are not entered, you will not receive points even if you pick the right answer Cash RM WIP FO MOH PP&E RE b/b 32 9 10 17 0 190 7 251 A. c. d. 8 1 1 eb 5 The ending balance of WIP on January 31 is: A S 17 B. $ 6 c. S 20 D. S 16 E None of the above 6 Retained earnings at the end of January is: . S 286 B. $ 288 C $ 268 D. S 277 E None of the above 5 SC N T