Superior Construction, Inc. is designs and produces pre-fabricated home "kits" in Arizona. Superior uses a job order costing system in which each kit is a separate job. During August, the following events occurred: a) Purchased materials on account, $400,000 b) Requisitioned direct materials and used direct labor in manufacturing kits for 4 homes: Home kit 401 Home kit 402 Home kit 403 Home kit 404 Direct Materials $58,000 $62,000 $61,000 $86,000 Direct Labor $44,000 $32,000 $58,000 $57,000 Total wages paid were $300,000. Use the data from Item b to assign the wages to jobs and Factory Overhead. Other factory overhead items (excluding indirect materials and indirect labor) incurred total $45,000 Overhead is allocated to jobs based on direct labor costs. The rate is $0.20 per direct labor dollar. Completed Home kits 401, 403 and 404 Sold Home kit 404 for $250,000 8) Required: 1) On the following page, show how the above costs move through the "T" records. 2) The jobs remaining in Work-in-Process Inventory are: The ending balance of Work-in-Process Inventory is $ The cost of goods manufactured is $ 5) The costs associated with which jobs are in Cost of Goods Sold? The ending balance in Materials Inventory is: $_ 7) The ending balance of Finished Goods is $_ Materials Inventory Work-in-Process Inventory Finished Goods Inventory Factory Overhead Cost of Goods Sold