Reyes Manufacturing Company uses ajob order cost system. At the beginning of January, the company had onejob in process (Job 201) and onejob 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 $64,000 worth of materials on account. b. Recorded materials issued to production as follows: Job Number Total Cost 201 $ 10,300 202 21,600 Indirect materials 6,200 $ 38,100 c. Recorded factory payroll costs from labor time tickets that revealed the following: Job Number Hours Total Cost 201 116 $ 2,500 202 388 10,600 Factory supervision 4,100 $ 17,200 d. Applied overhead to production at a rate of $27.00 per direct labor hour for 504 actual direct labor hours. e. Recorded the following actual manufacturing overhead costs: Item Total Cost Description Factory rent $ 2,900 Paid in cash Depreciation 3,200 Factory equipment Factory utilities 2,700 Incurred but not paid Factory insurance 3,300 Prepaid policy $ 12,100 f. 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 Taccounts. (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: 3. 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. 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, Payable Accumulated Depreciation, and so on in Miscellaneous Accounts.) Raw Materials Inventory Work in Process Inventory Debit Credit Debit Credit 1/1 37,000 1/1 22,500 Balance 37,000 Balance 22,500 Finished Goods Inventory Cost of Goods Sold Debit Credit Debit Credit 1/1 25,000 1/1 Balance 25,000 Balance 0Manufacturing Overhead Sales Revenue Debit Credit Debit Credit 1/1 0 Balance Balance 0 Miscellaneous Accounts (Cash, Payables, etc.) Debit Credit 1/1Required 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). Show less A a. Raw Materials Inventory b. Work in Process Inventory 0. Finished Goods Inventory d. Cost of Goods Sold (unadjusted) e. Manufacturing Overhead (Specify if overhead is overapplied or underapplied) J ....................... l. Compute the total cost of Jobs 201 and 202 at the end of January