Practice Quiz Job Order Costing The information below is for ABC Co.'s first month of operations. The following jobs were begun during the month: Number of Job # Products Materials Labor Direct Labor Hours 100 140 1.200 1.100 100 101 144 1.500 1,500 120 102 80 1.100 900 80 103 150 800 1.000 100 Indirect 500 700 Additional Information: 1. Jobs #100, #101 and #102 were completed during the month Job #103 remained unfinished at the EOM. 2. Other factory overhead incurred during the month amounted to $600. 3. Factory overhead is applied to jobs on the basis of a predetermined rate of $5 per direct labor hour. Required: 1. Prepare the journal entries to record: a. the requisition of materials during the month b. labor incurred during the month c. application of factory overhead to jobs d. cost transferred to finished goods inventory during the month c. the sale of 100 products from Job #100 (ignore the sales entry) 2. Calculate the balance in the WIP and FOH accounts at month end. Job #100 Job #101 DM DM DL DL FOH FOH Job 102 Job #103 DM DM DL DL FOH FOH