Section C-Job Order Costing Prepare the journal entries to record the following transactions of the Golden R 0 10 Wolden Rams87 Company. 1. Material requisitions total $80,000 that was allocated as following: Job #101--$40,000, Job # 102--$30,000, and $10,000 of indirect materials. 2. Time tickets total $40,000 that was allocated as following: Job #101--$17,000; Job #102--$18,000, and $5,000 of indirect labor. 3. Factory overhead applied into production was $17.000 ($9,000 on Job #101 and $8,000 on Job #102). 4. What is the total cost of Job #101 and Job #102? 5. What is the balance of overhead? Was overhead under-applied or over-applied