The following selected data were taken from the books of the Owens O-Rings Company. The company uses job costing to account for manufacturing costs. Job 40s began production in March, containing a balance of S1,000 at the end of the month. The data relate to April operations (1) Materials and supplies were requisitioned from the stores clerk as follows: Job 405, material X $7.000 Job 406, material X, S3.000, material Y, S6,000 Job 407, material X, S7,000, material Y, $3,200 (2) Time tickets for the month were chargeable as follows: Labor cost Labor hours Job 405 s 11,000 3,000 hours Job 406 14,000 3,600 hours Job 407 8.000 1,800 hours (3) Other information: Actual factory overhead incurred total $24.800 Factory overhead was budgeted at $350,000, was to be allocated to jobs based on 100.000 direct labor hours Job orders completed during the month Job 405 and Job 406 . Job 405 was sold Factory overhead is closed to cost of goods sold Required: Data 1. Prepare job cost sheets for all three jobs 2. What is the amount of cost of goods manufactured, ending balance of work in process and finished goods inventories? 3. Calculate the adjusted cost of goods sold after under or over-applied overhead is disposed