The following t-accounts are give for the month of October for a company that uses a job-order costing system. The company applies manufacturing overhead to jobs based on direct labor costs. Transaction (b) was made to record materials, (c) was made to record labor and (e) was made to apply overhead. Raw Materials Work In Process Debit Credit Debit Credit Balance (A) 0(b) 155,600 Balance [ 516,400 168,000 (b) 132,800 12,400 K fel 169.600 214,000 Finished Goods Manufacturing Overhead Debit Credit Debit Credit Balance 0(a) 468,000 M 56,400 48,400 Kl 22.800 ( 26,800 214.000 (c) 157600 6800 Cost of Goods Sold Debit Credit (g) 468,000 Using the information in the t-accounts, answer the following questions. Enter you answers in the boxes provided. Do not use $ in any numerical answers, but do use commas. 1. What is the cost of the raw materials purchased in October? $ 2. How much direct labor was incurred on the jobs in October? $ 3. Did the company sell all the jobs that were completed in October? How do you know? (enter yes or no and also enter a reason in the box) 4. Was overhead over or underapplied? (enter overapplied or underapplied in the box) By how much? $ 5. What was the Predetermined Overhead Rate used by the company to apply overhead? % 6. The company worked on Jobs 1,2,3 and 4 during the period, completed all jobs, and sold Jobs 2 and 3. What is the total cost of jobs 1 and 4, before any adjustments for over or under applied overhead?