The following selected data were taken from the books of the Owens O-Rings Company. The company uses job costing to account for manufacturing cons. Job 405 began production in March, containing a balance of $1,000 at the end of the moth. The data relate to April operations (1) Materials and supplies were repinned from the stores clok as follows Job 405, material X, $7,000. Job 406, material X, $3,000, material Y, 56,000 Job 407, matonal X, $7,000, material Y, 53,200 (2) Time tickets for the month were chargeable as follows Labor cust Labor bos Job 405 $11,000 3,000 hours Job 406 14,000 3,600 hours Jub407 8,000 1,800 hoen (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 houn Job oder completed during the month: Job 405 and Job 406 Job 405 was sold Factory overhead is closed to cost of goods and Required 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 L The fellowing selected data were takes from the becks of the Owens O-Rings Company The company nes job conting in act for manufacturing Job 405 began production in March, containing balance of $1,000 at the end of the math. The dis late to April operations (1) Materials and supplies were requisitioned on the ses clerk Job 405, material X, 17,000 Job 406, material X, $1000 material Y, S Job 467, material X Serial Y, 1,200 C) Time tickets for the moth were chargeable as follows Laber.com Labochises Job 405 11,000 1,000 hours Job 406 14,000 3,000 hous Job 4017 13001 hours Oer informati Actual factory overhead incurred total $24,800 Factory overhead was badgeted a $350,000, was to be allocated to jobs based on 100,000 di loron Job onders completed during the aeth Job 401 and Job 406 Factory overhead is closed to cost of goods sold Requi 1. Pripase job cast sheets for all three jus 2. What is the amount of cost of goods manufactured, anding balance of work in process and fu 3. Calculate the alted cost of goods sold after under or over applied overhead in disposal