The APC Company operates a Job Costing System and provides you with the following financial information relating to the month of January Balances brought forward: Finished Jobs $5,800 Job 70 $3,200 Job 71 $2,600 Work in Progress $3,200 Job 72 $1,800 Job 73 $1,400 Transactions for the month: Raw material and stores purchased (excluding 10% GST): $38,860 Raw material and stores issued: Job No. 72 73 74 75 76 Indirect Total $ 120 4,200 2,690 3,3808,590 1,420 20,400 Time sheet summary: Job No. 72 | 73 | 74 | 75 | 76 Indirect Total $ 1,040 2,200 5 ,300 3,260 280 1,980 14,060 Factory wages paid for month: $14,060 Factory depreciation: $4,180 Factory overhead recovery rate - 60% of direct labour cost. Jobs charged to customers (excluding 10% GST): Job No. 70 71 1 72 73 74 4.800 3,800 2,400 10.000 14,100 Finished but not charged out at the end of the month: Job 75. Work in Progress at the end of the month: Job 76. Under/over applied overhead is accounted for at the end of each month and charged to the Cost of Goods Sold (COGS) account. 2. Prepare a Job Card Summary Job Card Summary Job 71 Job 72 Job 73 Job 74 Job 75 Job 76 Total Job 70 W.I.P. at start Material Labour Overhead applied Total Balances at end of month Work in Progress Finished Goods COGS