Question 2 20 pts FRH Corporation started operations this year. As the year went on, they compiled the following information on jobs worked (these are the only jobs for the year): Direct Machine Sales Price Job# Direct Labor Job Status Materials hours when sold 400 $2,319 $1,438 38 Not Complete $9,554 401 $2,123 $1,593 38 Complete and sold $9.469 402 $2,872 $2,241 52 Complete and not sold $13,015 403 $2.915 $1,837 48 Complete and not sold $12,081 FRH Corporation determined at the beginning of the year that $22 per Machine hour would be an appropriate POHR. As it turns out, throughout the year, overhead incurred totaled $3,600. Over or Under applied overhead is always considered to be immaterial and necessary steps should be taken to close the Overhead account prior to answering the questions below. Make the necessary calculations to determine the following items for the year just ended (round to the nearest whole dollar/input code: 0); Ending balance of Work in process account $ Ending balance of Finished goods account $ Ending balance of Overhead account after closing overhead $ Total Sales $ Total Cost of goods sold after closing overhead Gross profit as reported on the Income Statement $ Over/Underapplied overhead (enter overapplied as a positive number and underapplied as a negative number) $ Previous Next