Problem 12-14A Job-order costing system LO 12-2 from the issuance of common stock. During the year, Ladora purchased $6,000d and used $5,640 of the direct materials. There were 108 hours of direct labor wo of $20 per hour paid in cash. The predetermined overhead rate was $9 per di ditred $30 of direct raw dora Construction Company began operations on January 1, 2019, when it acqui ECK FIGURE GM: $6,148 al assets: $32,102 worked at an avera direct labor hour. The tarted construction on three prefabricated buildings. The job cost sheet pany s allocations of costs to each building: Direct Labor Hours Direct Materials $1,440 2,400 1,800 30 50 28 Job 1 Job 2 Job 3 The company paid $320 cash for indirect labor costs. Actual overhead cost paid in indirect labor was $640. Ladora completed Jobs 1 and 2 and sold Job 1 for $5,000 cashTr incurred $600 of selling and administrative expenses that were paid in cash. Over- or und overhead is closed to Cost of Goods Sold Required a. Record the prececding events in a horizontal statements model. The first event for 2019 ha h t event for 2019 has be recorded as an example Assets Equity Cash +Raw M.+MOH WIPF. Goods C. Stk. + Ret. Ear. Rev.ExpNet Inc 30,000 NA + NA +NA NA30,000NA NANAN I subsidiary accounts with their respective control accounts. h. Reconcile al t eord the c the closing entry for over- or underapplied manufac Job-Order, Process, and Hyorid Costing Systems assuming that the amount is insignificant lenre a schedule of cost of goods manufactured and c Record ments m ed manufacturing overhead in the horizontal state- schedule of cost of goods manufactured and sold, an i sold ncome statement, and a balance sheet for 2019