Problem 205^ Philips Corporation's fiscal year ends on November 30. The following accounts are found in its job arder cost accounting system for the first month of the new fiscal year Other data: 1. Or, December 1. two jobs were in process: Job No. 154 and job ho, 155. These jobs had combined direct matmials (oses of $9,850 and direct labor costs of $17,300, Overhead was appled at a ratm that was 79% of direct labor cost. 2. During pecenbe, bob Nos. 156 157 and 158 were stated on Deceber 31. Job No 158-as urnished Th.ob had charges for direct materials ?4,500 and direct labor $4,900 pk s man fa hring overhead. All jos, escept for Jobs 1. On December 1, ob No. 153 was in the firished goods warehouse. It had a total cost of $5,400. On December 31, ob No. 157 was the only jobh firished that was not sold. It had a cost of $4,300 t 58, were 4, Manufacturing overhead was $1,495 underapplied in December