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 $67,000 worth of materials on account. (b) Recorded materials issued to production as follows: 4 Job Number 201 202 Indirect materials Total Cost $ 10,900 21,000 5,900 $ 37,800 (c) Recorded factory payroll costs from direct labor time tickets that revealed the following: Job Number 201 202 Factory supervision Hours 116 394 Total Cost $ 2,300 10,700 4,700 $ 17,700 (d) Applied overhead to production at a rate of $26.00 per direct labor hout for 510 lictual direct labor hours. (c) Recorded the following actual manufacturing overhead costs Factory rent Depreciation Factory utilities Factory Insurance Total Cost $ 2,300 3.500 3,100 2,000 $12,000 Denceiption Paid in cash Factory equipent Incurred but not paid Prepaid policy (1) Completed Job 201 and transferred it to Finished Goods Inventory (9) Sold Job 200 for $51700. Job 202 was still in process at the end of January Required: 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 it overhead is overapplied or underapplied 3. Compute the total cost of Jobs 201 and 202 at the end of January Complete this question by entering your answers in the tabs below. 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, Payables, Accumulated Depreciation, and so on in Miscellaneous Accounts.) Raw Materials Inventory 37,000 07.000 37,300 (0) 171 ra) 1/1 Work in Process inventory 17.500 31,000 13,000 (6) c) (d) Bar 06.200 Bal 62.400 Cost of Goods Sold 1/1 Finished Goods Inventory 30,000 37,800 51,700) 1/1 10 16,100 Bal Manufacturing Overhead Sales Revenue 1/1 111 (b) (d) 5.900 4,700 SP c) (e) 12,000 Bal 0 Bal 22,600 Miscellaneous Accounts (Cash, Payables, etc.) 1/1 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 it overhead is overapplied or underapplied) +++ Show less S b 66.200 17.500 S Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Cost of Goods Sold (unadjusted) Manufacturing Overhead (Specify if overhead is overapplied or underapplied) d e 3. Compute the total cost of Jobs 201 and 202 at the end of January, 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 Total Cost of Job Number 201 202