Snoopy Company uses a job order costing system. The following inventory balances are available on January 1, 2021: Raw Materials $28,900 Work in Process $58,800 Finished Goods $101,700 The Work in Process Inventory consisted of 3 jobs: #401 $17,900; #402 $19,200; and #403 $21,700 The Finished Goods Inventory consisted of 2 jobs: #399 $53,100 and #400 $48,600 Snoopy uses a normal costing system with an overhead rate based on machine hours. The following budgeted information was available for the year 2021: Factory overhead costs $744,000 and machine hours 62,000. During the year 2021, the following transactions took place: 1. Raw materials costing $115,000 were purchased on account. 2. Total factory labor charges accrued were $198,100. 3.A summary of material requisitions and time tickets appeared as follows: Material Direct Machine Job No. Requisitions Labor Cost Hours 401 $3,800 $8,900 4,200 402 4,100 7,500 3,800 403 2,900 6,400 3,300 404 12,300 22,700 12,400 405 8,500 10,400 6,800 406 7,800 11,300 7,400 407 14,600 26,300 16,200 408 10,700 8,400 6,300 sub- $64,700 $101,900 60,400 total Indirect 31,200 96,200 Total $95,900 $198,100 4. Other factory overhead costs include $180,000 depreciation on factory equipment, $84,200 of expired factory insurance, $63,700 of accrued property taxes, and $259,900 of miscellaneous factory costs paid in cash.5. Job Nos. 401, 402, 403, 404, and 407 were completed. 6. Job Nos. 399, 400, 402, 404, and 407 were sold for $725,000 cash. Required: A. (1) Complete the cost flow diagram and job order cost sheets and (2) make the required general journal entries in the attached workpapers . Be sure to enter the beginning balances of the inventory accounts and be sure to compute and SHOW the ending balances of the T-accounts. Exam 1 Workpaper.pdf Exam 1 Workpaper.xlsx _ Exam 1 Workpaper Fill.pdf & B. Verify the ending work in process and ending finished goods inventory balances by reconciling to the job cost sheets and SHOW this somewhere on your workpapers.Required: Using the information from Question 6, prepare a manufacturing statement and a partial income statement. Manufacturing Statement Partial Income S atement Beginning Raw Materials " Raw Material Purchases Raw Materials _ Available for Use Ending Raw Materials Raw Materials ' Used Sales Cost of Goods Sold: Beginning Finished Goods Cost of Goods Manufactured Cost of Goods Available for Sale Ending Indirect Finished Materials Goods Unadjusted Direct Cost of Materials Goods Sold Direct Labor Factory Adjusted Cost Overhead of Goods Sold Total Current Manufacturing Gross Profit Costs Beginning Work in Process Total Cost of Work in Process Ending Work in ProcessCost of Goods Manufactured