Stele Satem n Grace Period: 6 drys left I Register Problem 2-SA (Video) Pthilips Corporaten's fiscal year ends on Noventer 30. The folowing accounts are found in its pb order cost accounting system for the first month of the new facal Phillips Corporation's fiscal year ends on November 30. Other data: 1. On December 1, two jobs were in process: Job No. 154 and Job 75% of direct labor cost. No. 155. These jobs had combined direct materials costs of $9,850 and direct labor costs of $16,500. Overhead was applied at a rate that 1 2. During Decembes, Job Nos. 156, 157, and 158 were started. On December 31, Job No. 158 wes urfnished overhead. All jpobs,except for tob No. 158, were completed in December Ths jo had charges for diect material $4.20 and drect labor $5,4100, plas manufacturing ady goods werelouse. It had a total cost of $5,100. , December 31, Job No.157 was the Orly job finshed that was net sold ahad scot en,o. . Manlacturing overhead was $1,095 underapplied in December List the letters (a) through (m) and indicate the amount pertaining to each letter Raw Materials Inventory Dec. 1 Beginning balace () Dec. 31 Requistion 18,950 Purchames Dec 31 Ending balance 18,525 47S Work in Process Inventory Dec1 Begineing balance ) Dec31 obso 1 Direct materials ,900 31 Overbead Dex3 Endeg blance Finshed Goesds Inveestory DecI Beginning balance )0x31 Cost of goods sold 3 1 Completed jobs Dex,31 Ending talarce Raw Materials Inventory Dec1 Begineing balance (a) Dec. 31 Requisitions 18,950 31 Purchases 18,525 Dec. 31 Ending balance 8,475 Work in Process Inventery Dec. 1 Deginning balance b)Dec. 31 obscompleted tn) 31 Direct materiah 31 Direct labor 8,900 1 Overhead Dec. 31 Ending balancr Finished Goods Inventory Dc 3 Cost of goods s Dec. I Beginning balance 31 Completed yobs Dec. 31 Ending balance 0) Factory Laor Dec. 31asory wages 04) Dec. 31 Indieect materia 1Indwect b 0)