Taylor Construction Company uses a job-order costing system. The company had 3 jobs in process at the beginning of the month Job 302. Job 303, and Job 304). The beginning balance of the Work In Process account was $145,400, consisting of $42,400, 565, 100, and $37.900 shown on the job cost sheets for Jobs 302, 303, and 304, respectively. During the month. Taylor added the following materials and labor costs to each job: Inventory Materials Labor $32.000 Job 302 Job 303 Job 304 $18,000 $10,200 $12,400 $16,500 $39,100 $10,000 Total $60,000 Overhead costs are applied at the predetermined rate of $0.60 per direct labor dollar. Actual overhead costs for the month were $36,800, Taylor completed Job 303 and sold it for $129,000 cash during the month Determine the balance of the Work In Process Account at the end of the month. Using the information from Question 1, by how much is manufacturing overhead under or over-applied? Explain how cost of roods sold is affected. Write in complete sentences for full credit