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 oompleted but not yet soid (Job 200). Job 202 was starled during January Other select account balances folow (gnore any accounts that are not isted) During January, the company had the foilowing transactions (a) Purchased S07,000 worth of materials on account (b) Recorded matenials issued to production as folows 2 Compute the ending bance in the toowing accountse Raw Menas ry Wo n Procns nvenr Fshed Goods Ivry 4Cost ot o Son Manuactg Ovea b Namber 201 202 indrect materials Total Cost S 11,200 21.700 800 S 39700 (c) Recorded factory payrol costs from direct labor time tickets that revealed the folowing Hours Total Cost 116 2800 35 b Namber 201 202 Factory supervision 10800 4800 3 Compute the total cost of Jobs 201 and 202 atthe end of Januara S17.800 Tetal Coat Job at Job Nunber 201 200 (4)Applied overhead to production at a rate of $29.00 per direct labor hour for 511 actual drect labor hours. (e) Recorded the folowing actual manutacturing overhead costs m Factory sent Deprecaton Factory atites Factory insurance Total Cost $ 2.100 5.000 3700 3,00 $13900 Descrpton Pad in cash Fatory equement Incarned but not pad Prepad policy References ook & Resources Worksheet Diticulty 3Ha n Completed Job 201 and transferred it to Finished Goods Invertory g)Sold Job 200 for $51,800 Job 202 was s in process at the end of January Check Vour Work Googie Chrome 1. Post the preceding ransactons to T-accounts (Note Capture the oftsetting of debis andd credts to other accounts such as Cash, Payabies, Acoumuated Depreaanion, and so on in Miscelaneous Accounts) Answer is not complete. Raw Materials Inventory Work in Process Inventory /1 16 500 38.000 39,700 B 67000 32900 13.200 al 31/1 5300 14819 3N1 TT419 Finished Goeds Inventery Cost of Goods Sold /1 27 000 31/1 27,000 31 Sales Revenue Manufacturing Overhead 6800 51800 g) bi 3/1 51 800 31/1 6800 Miscelaneous Acounts (Cash, Payables, etc)