Question 1 (8 points) Milo Company uses a normal job costing system. During the month of June, activity in the company's Work-in-process (WIP) Inventory account included five jobs. Following are selected details and costs for these jobs: Job #27 Job #28 Job Job #30 Job #29 #31 WIP June 1st $1,900 $1,000 $500 $2,000 $0 balances Costs Traced during June: Direct Material 450 0 950 500 1,020 Direct Labour 1,800 1,400 2,500 2,000 2,300 Other information: Manufacturing Overhead (MOH) is allocated at 150% of direct labour costs. There were no other jobs in WIP Inventory at the beginning of June. June sales were $21.900, and were all on credit. The company's actual MOH incurred in June was $16,000. The balance in finished goods inventory was $1,925 (Job #26) as at June 1st Jobs #27, #29 and #30 were completed in June. At the end of June, Job #30 was the only job remaining in finished goods inventory. Required: Please respond to the following questions, by placing your answers in the space provided. Please use the back of prior page for your workings. All calculations must be presented for full marks. inventory. Required: Please respond to the following questions, by placing your answers in the space provided. Please use the back of prior page for your workings. All calculations must be presented for full marks. Please determine the following amounts: Final Answers: a. MOH Allocated in June: b. Cost of Goods Manufactured (COGM) in June: c. Over- or under-allocated MOH in June (please provide both the amount and state whether it was over- or under-allocated)