Problem 15-5A Ph llips Corporation's fiscal year ends an November 30. The following accounts are found in its job order cost accounting system for the first month of the new fiscal year. Other data L. On December 1, two jobs were in process: Job No. 154 and Job No. 155. These jobs had combined direct materials costs of $9,850 and direct labor costs of $16,000. Overhead was applied at a rate that was 75% of direct labor cost. 2. During December, Job Nos. 156, 157, and 158 were started. On December 31, Job No. 158 was unfinished. This job had charges for direct materials $4,000 and direct labor $5,200, plus manufacturing overhead. All jobs, except for Job No. 158, were 3. On December 1, Job No. 153 was in the finished goods warehouse. It had a total cost of $5,600. On December 31, Job No. 157 was the only job finished that was not sold. It had a cost of $4,300 4. Manufacturing overhead was $1,320 underapplied in December List the letters (a) through (m) and indicate the amount pertaining to each letter Raw Materials Inventory Dec. 1 Beginning balance (a) Dec. 31 Requisitions 17,350 17,625 8,105 31 Purchases Dec. 31 Ending balance Work in Process Inventory Dec. 1 Beginning balance (b) Dec. 1Jbs completed 31 Direct materials 31 Direct labor 31 Overhead 9,000 Dec. 31 Ending balance Finished Goods Inventory Dec. 1 Beginning balance (g) Dec. 3 Cost of goods sold 31 Completed jobs Dec. 31 Ending balance Factory Labor Dec. 31 Factory wages 12,225 Dec. 31 Wages assigned Dec. 31 Indirect materials 3,200 Dec. 31 Overhead applied 31 Indirect labor 31 Other overhead 1,645