Service Cost Flows Vente Marketing Ltd., produces television advertisements for businesses that are marketing products in the western provinces of Canada. To achieve cost control, Vente Marketing uses a job cost system similar to that found in a manufacturing organization. It uses some different account titles: Account Replaces Videos-in-Process Work-in-Process Video Supplies Inventory Manufacturing Supplies Inventory Cost of Videos Completed Cost of Goods Sold Accumulated Depreciation, Studio Assets Accumulated Depreciation, Factory Assets Studio Overhead Manufacturing Overhead Vente Marketing does not maintain Raw Materials or Finished Goods Inventory accounts. Materials, such as props needed for videos, are purchased as needed from outside sources and charged directly to Videos-in-Process and the appropriate job, Videos are delivered directly to clients upon completion. The April 1, balances were as follows: video Supplies Videos.in Process Studio Overhead $1.300 2,000 250 underapplied During April, Vente Marketing completed the following production transactions: 1. Purchased video supplies costing $1,675 on account. 2. Purchased material for specific jobs costing $27,000 on account. 3. Incurred direct labor costs of $65,000 and indirect labor costs of $3,100. 4. Used production supplies costing $850. 5. Recorded studio depreciation of 53,500. 6. Incurred miscellaneous payables for studio overhead of $1,800. 7. Applied studio overhead at a predetermined rate of $18 per studio hour, with 520 studio hours. 8. Completed jobs costing $100,000 and delivered them directly to clients. (a.) Prepare "T accounts showing the flow of costs through all service accounts and Cost of Videos Completed. Studio Overhead Bal. Bal. 250 9.360 Videos In-Process 2.000 100.000 27.000 65.000 9,360 3.100 3,500 1,900 Other Payables 1,800 Accounts Payable 1,675 0 27,000 Cost of Videos Completed 100.000 Wages Payable D 65.000 X Videos Supplies Inventory 1.300 350 Accumulated Depreciation Studio Assets 3.500 Bal. 1.675 2.125 * (6.) Calculate the cost incurred as of the end of Apirl for the incompete jobs still in process