Street Company manufactures various machined parts for customers. They use a job order costing system and apply overhead costs to jobs based on machine hours used. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,800,000 in Manufacturing Overhead cost at an estimated activity level of 240,000 machine hours used. Street Company spent the entire month of August working on a large order for 16,000 parts for a customer. The company had no WIP Inventory at the beginning of August. Cost data relating to August is as follows: a) Raw materials purchased on account: $325,000. b) Raw materials used in production: $290,000. 80% of this amount was for direct materials, while 20% of this amount was for indirect materials. c) Labor cost accrued by the factory: $180,000. One-third of this cost was for direct labor, while two-thirds of this cost was for indirect labor. d) Depreciation recorded on factory equipment: $75,000. e) Other MOH costs incurred on account: $62,000. f) MOH cost was applied to production on the basis of 15,000 machine hours used during the month. REQUIRED 1. Prepare journal entries to record items (a) through (f). 2. Prepare T-accounts for MOH and WIP Inventory by posting the relevant journal entries from above to these T-accounts. Note whether MOH was over applied or under applied. Additional Information g) The completed job for 16,000 parts was moved into the Finished Goods warehouse on August 31. REQUIRED 3. Prepare a journal entry for item (g). 4. If 10,000 of the parts for this job are shipped to the customer in September, how much this job's cost will be included in cost of goods sold for September (you must first figu out the unit product cost, then figure the amount included in COGS).