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 2001. 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 (a) Purchased $66,000 worth of materials on account (b) Recorded materials issued to production as follows: Total Cost Job Number 201 $10,400 2012 21,200 Indirect materials 5,300 $36,900 (c) Recorded factory payroll costs from direct labor time tickets that revealed the following: Job Number 201 202 Hours 104 380 Total Cost $ 2,300 factory supervision 10,900 5,400 $18,600 (d) Applied overhead to production at a rate of $28.00 per direct labor hour for 484 actual direct labor hours (e) Recorded the following actual manufacturing overhead costs: Itee Total Cost Description Factory rent Depreciation $ 2,800 Paid in cash 4,200 Factory equipment. Factory utilities 4,400 Factory insurance 2,100 Incurred but not paid Prepaid policy $13,500 (f) Completed Job 201 and transferred it to Finished Goods Inventory (g) Sold Job 200 for $51,000 Job 202 was still in process at the end of January Required: 1. Post the preceding transections 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) 2. Compute the ending balance in the following accounts a. Raw Materials Inventory, b. Work in Process Inventory c. Finished Goods Inventory d. Cost of Goods Sold (unadjusted). e. Manufacturing Overhead (Specify if overhead is overapplied or underapplied) 3. Compute the total cost of Jobs 201 and 202 at the end of January. w