Question 2 (10 marks) The WildSide Company modies production motorcycles for superbike racing to customer order. It operates a job costing system. The following information is available for the month of June 20X3: General ledger balances 1.!6IX3: Raw material inventory $39,000 Work in process inventory $63 ,850 Finished goods inventorya $34,500 3This relates to Job X5345 only. Overhead in process $10,650 Details of Work in process from job cards at 1/61X3 were as follows: X5346 $16,000 $6 ,000 $4,500 $13,000 $3,150 $10,000 $3,000 Indirect material issued during June: $6,000 Indirect labour cost during June: $3 ,500 X5346 _ --ta --nu During the month the direct labour rate was $50 per hour. Manufacturing overhead is allocated on the basis of direct labour dollars and is allocated at the same rate that was used in the previous month. Jobs X8346 and X5347 were completed during June and transferred to Finished Goods inventory. Sales: Job X8345 $41 ,000 Job X5346 $35 ,400 11