The following incomplete information is provided in relation to Leapfield Ltd for the month of January. (i) The actual labour rate is $15 per hour, and overhead is applied on the basis of $12 per direct labour hour. (ii) Jobs sold during the month were sold for $550,000 (credit sales). The cost of the goods sold during the month was $400,000. (iii) Office supplies inventory worth $4,700 were issued to production during January. (iv) A total of 5,000 labour hours were worked during normal working hours. Total overhead premiums incurred during the month are $5,200. (v) Sundry manufacturing overhead costs incurred during January were $60,000. Raw Matm'd Inventcry Bi. 1.11 Bal 3111524000 FrnishedGoodsInvent Cost ofGoods Sold Ed. MI $75,000 h) i) g) Bal 3M $47,000 Manufacturing Overhead Sales Revenue j) 1) NC Rec $550,000 k) Sundry OI-I $60,000 Required: i) Complete the T accounts providing the amounts of a) to l) to show the flow of costs through the company's manufacturing accounts. (NB: No entry is required to close the amount of over/under applied overhead in this part of the question) (6 marks) ii) Was manufacturing overhead under/over applied during January and by how much? Record the journal entry to close the under/over applied manufacturing overhead. (2 marks)