record the sale of any job(s) during the month. g. Calculate the balance in the Finished Goods Inventory account at the end of the month. What does this balance consist of? h. Calculate the amount of under- or over-applied overhead. P3.32A (LO 2, 3, 4, 5) For the year ended December 31, 2020, the job cost sheets of De Voe Company Prepare en contained the following data: cost system statement. Direct Direct Manufacturing Total Job Number Explanation Materials Labour Overhead Costs 7640 Balance 1/1 $25,000 $24,000 $28,800 $ 77,800 7641 Current year's costs Balance 1/1 30,000 36,000 43,200 109,200 1 1,000 18,000 7642 Current year's costs 21,600 50,600 43,000 48,000 Current year's costs 57,600 148,600 58,000 55,000/ 66,000 179,000 Other data: 1. Raw materials inventory totalled $15,000 on January 1. During the year, $140,000 of raw materials were purchased on account. 2. Finished goods on January 1 consisted of Job No. 7638 for $87,000 and Job No. 7639 for $92,000. 3. Job No. 7640 and Job No. 7641 were completed during the year. 4. Jobs 7638, 7639, and 7641 were sold on account for $530,000 in total