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: (a) Purchased $63,000 worth of materials on account (b) Recorded materials issued to production as follows: Job Number 201 202 Indirect materials Total Cost $ 11,500 21,500 6,300 $ 39,300 (c) Recorded factory payroll costs from direct labor time tickets that revealed the following: Job Number 201 202 Factory supervision Hours 117 393 Total Cost $ 2,500 10,000 5,500 $ 18,000 (d) Applied overhead to production at a rate of $27.00 per direct labor hour for 510 actual direct labor hours. (e) Recorded the following actual manufacturing overhead costs: Item Factory rent Depreciation Factory utilities Factory insurance Total Cost $ 2,300 3,900 3,600 3.000 $ 12,800 Description Paid in cash Factory equipment Incurred but not paid Prepaid policy () Completed Job 201 and transferred it to Finished Goods Inventory (g) Sold Job 200 for $51,600. Job 202 was still in process at the end of January Required: 1. 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.) 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 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Post the preceding transactions to T-accounts. (Note: Capture the offsetting of debits and credits to other accounts such as Cash Accumulated Depreciation, and so on in Miscellaneous Accounts.) 1/1 Raw Materials Inventory 40,000 63.000 30,300 1/1 Work in Process Inventory 18,500 33,000 39,400 12,500 (a) (b) (0) (6) (c) 0 Bal. 63,700 (d) 13,770 Bal 38,370 Cost of Goods Sold 1/1 Finished Goods Inventory 27,000 39,400 51,600 1/1 () (9) (9) > 30,800 Bal 14,800 Bal. 30.800 on, and so on in Miscellaneous Accounts.) 1/1 Raw Materials Inventory 40,000 63,000 39,300 (6) 1/1 (a) Work In Process Inventory 18,500 33,000 39,400 12,500 (b) (0) (c) Bal. 63,700 (d) 13.770 Bal 38,370 Cost of Goods Sold 1/1 Finished Goods Inventory 27,000 39.400 51,600 1/1 () (9) > (9) 30,800 Bal. 14,800 + Bal. 30,800 Manufacturing Overhead Sales Revenue 1/1 1/1 (b) (c) 6,300 5,500 13,770 (0) > 51,600 (0) 12,800 Bal. 51,600 Bal. 10,830 Miscellaneous Accounts (Cash, Payablos, etc.) 1/1 (9) 51,600 63,000 (a) 18,000 (0) 12,800 (0) >>> Required Required 2 > Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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). a. b. $ $ $ Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Cost of Goods Sold (unadjusted) Manufacturing Overhead (Specify if overhead is overapplied or underapplied) 63,000 38,370 $ 14,800 30,800 C. d. $ $ 10,830 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the total cost of Jobs 201 and 202 at the end of January. Job Number 201 202 Total Cost of Job 14,800 38,370