The Eire Company uses a Job Order Costing System based on Normal Costing. Overhead is charged to jobs using Direct Labor Cost. The estimated Direct Labor Cost for 2021 is $55,000, and the estimated Overhead Cost for 2021 is $165,000. The beginning Materials inventory balance for 2021 was $4,000. The beginning Work in Process for 2021 was $12,000, all charged to Job P. The beginning Finished Goods for 2021 was $12,000 and consisted of 12 units of Job M at $1,000 each. During 2021, the company worked on 3 jobs (P, Q, and R). The direct costs charged to these jobs during 2021 are as follows: Direct Materials Direct Labor Units of the Job Job P $8,000 $12,000 8 units Job Q $14,000 $18,000 20 units Job R $24,000 $20,000 Unfinished During 2021, total materials costing $69,000 were purchased. The total amount of actual overhead incurred during 2021 was $142,000. Of this $142,000, $10,000 was for indirect materials. During 2021, Job P and Job Q were completed. Sales for 2021 included 10 units of Job M, 6 units of Job P, and 15 units of Job Q. Operating expenses (period expenses) for 2021 total $95,000. The total Sales Revenue for 2021 was $240,000. Assume that all underapplied or overapplied overhead is charged totally to Cost of Goods Sold at the end of 2021. When compiling your financial statements assume the year end is December 31, 2021. 27. Prepare, in good form, a Schedule of Cost of Goods Manufactured for 2021. 28. Prepare, in good form, an Income Statement for 2021. Be sure to include a complete Cost of Goods Sold section within your Income Statement. 29. Assume that you are trying to allocate (prorate) the under(over) allocated overhead based on the total ending balances in Work in Process, Finished Goods, and Cost of Goods Sold. What would these balances be (before proration)? Work in Process Cost of Good Sold Finished Goods 30. Prorate the under (over)allocated overhead using the most theoretically correct method. Show me the proration and show how much of the under(over) allocated overhead would be charged to each account.