Reyes Manufacturing Company uses a job order cost system. At the beginning of January, the company had one job in process $($Job $201)$ and one job completed but not yet sold $($Job $200).$ Job $202$ was started during January. Other select account balances follow $($ignore any accounts that are not listed$).$

During January, the company had the following transactions:

Purchased $$20,000$ worth of materials on account.

Recorded materials issued to production as follows:

Job Number Total Cost

$201$ $ $12,000$

$20221,000$

Indirect materials $3,200$

$ $36,200$

Recorded factory payroll costs from labor time tickets that revealed the following:

Job Number Hours Total Cost

$201100$ $ $2,150$

$20250010,750$

Factory supervision $5,000$

$ $17,900$

Applied overhead to production at a rate of $$25$ per direct labor hour for $600$ actual direct labor hours.

Recorded the following actual manufacturing overhead costs:

Item Total Cost Description

Factory rent $ $3,100$ Paid in cash

Depreciation $2,500$ Factory equipment

Factory utilities $1,750$ Incurred but not paid

Factory insurance $1,250$ Prepaid policy

$ $8,600$

Completed Job $201$ and transferred it to Finished Goods Inventory.

Sold Job $200$ for $$31,000.$

Job $202$ was still in process at the end of January.

Required:

Post the preceding transactions to T$-$accounts. $($Note: Capture the offsetting of debits and credits to other accounts such as Cash, Payables, Accumulated Depreciation, and so on in Miscellaneous Accounts.$)$

Compute the ending balance in the following accounts:

Raw Materials Inventory.

Work in Process Inventory.

Finished Goods Inventory.

Cost of Goods Sold $($unadjusted$).$

Manufacturing Overhead $($Specify if overhead is overapplied or underapplied$).$

Compute the total cost of Jobs $201$ and $202$ at the end of January.