The following information relates to a manufacturing company that produces handphone made by order. The company has 3 outstanding jobs: Job A100, Job A101, and Job A121. $190,000 worth of materials (direct and indirect) were purchased on credit. Materials costing $145,000 were sent to the manufacturing plant floor. $60,000 were issued to Job A100 and $20,000 to Job A101 and $70,000 to Job A121, $25,000 of indirect materials were issued. Total payroll for the period was $92,000. Job A100 incurred direct labour costs of $29,000, Job A101 incurred direct labour costs of $4,000, Job A121 incurred direct labour costs of $35,000, Salary for sales & marketing $30,000, Salary for General & Administrative $20,000, and $6,000 of indirect labour was also incurred. Manufacturing overhead costs were expected at $75,100.The plant wide cost allocation base for overhead is machine-hours. 3,480 machine-hours were expected for all jobs. Job A100 used 1000 machine-hours. Job A101 used 200 machine-hours and Job A121 used 1200 machine-hours The company has 4 lofts of the same level, 1 loft used as the Office, 1 loft used as the Store/Showroom and 2 lofts used as Workshop for manufacturing their products. Total depreciation for the 4 lofts is $ 52,000. For the office $13,000, for Showroom also $13,000 and the rest is the depreciation for workshop of $26,000 Other selling expenses amounted $ 10,000, other General Administrative is 4,000 and Other manufacturing overhead incurred amounted to $19,100 At the end of the semester, Job A100 was finished and sold for $114,800, Job A101 was not finished and needed to be processed further. Job A121 was finished and taken out of the Workshop, but are still under inspection for final QC before finally stored in the Store/Showroom. Over/Under allocated overhead are booked to COGS Required: 1. Record all the transaction in general journal 2.Calculate the production costs each of those jobs The following information relates to a manufacturing company that produces handphone made by order. The company has 3 outstanding jobs: Job A100, Job A101, and Job A121. $190,000 worth of materials (direct and indirect) were purchased on credit. Materials costing $145,000 were sent to the manufacturing plant floor. $60,000 were issued to Job A100 and $20,000 to Job A101 and $70,000 to Job A121, $25,000 of indirect materials were issued. Total payroll for the period was $92,000. Job A100 incurred direct labour costs of $29,000, Job A101 incurred direct labour costs of $4,000, Job A121 incurred direct labour costs of $35,000, Salary for sales & marketing $30,000, Salary for General & Administrative $20,000, and $6,000 of indirect labour was also incurred. Manufacturing overhead costs were expected at $75,100.The plant wide cost allocation base for overhead is machine-hours. 3,480 machine-hours were expected for all jobs. Job A100 used 1000 machine-hours. Job A101 used 200 machine-hours and Job A121 used 1200 machine-hours The company has 4 lofts of the same level, 1 loft used as the Office, 1 loft used as the Store/Showroom and 2 lofts used as Workshop for manufacturing their products. Total depreciation for the 4 lofts is $ 52,000. For the office $13,000, for Showroom also $13,000 and the rest is the depreciation for workshop of $26,000 Other selling expenses amounted $ 10,000, other General Administrative is 4,000 and Other manufacturing overhead incurred amounted to $19,100 At the end of the semester, Job A100 was finished and sold for $114,800, Job A101 was not finished and needed to be processed further. Job A121 was finished and taken out of the Workshop, but are still under inspection for final QC before finally stored in the Store/Showroom. Over/Under allocated overhead are booked to COGS Required: 1. Record all the transaction in general journal 2.Calculate the production costs each of those jobs