The following transactions occirred durim taniver a. Purthased materiuls on accourit for $28,000 beated as indirect materials c. Playroll costs 1otaling $16,100 were recorded as follows: $70,900 for asternty workess $200 for factory supervesion $2,100 for adenistrative personnel $1,900 for sialei commissons. d. Pecorded deprecition $4,200 for tactory machines, $700 for the copier use in the administrative oftice. an administrative experse. 1. Paid $5,000 in other faclory costs in cosh 9. Appled manufacturing oveitead at a rate of 200 percent of direct labor cost and 54.400 for applied overhead. i. Sold jobs costing $51,000. The revenoe earned on these jobs was $06.700 Required: L Set up raccounts, record the begirning belances, post the Jansary trassactions, and compute the final bafacke for the following terounts a. Raw Materies inventoty b. Workin irocess imentory c. Frished Coods inventory a. Cont of Goods Sold e. Manufacturing overtie ad. C. Finhed Goods linention. a. Cont or Goods Sold e. Manufacturing Orerticad t. Seling General and Adnursatiave Luenes. 0. Sales Devenue. 2 Determine how ouch gross profit the compory woult report during the month of Jathuary before any aquatnent is made for the preitread bilsnet 3. Determine the amount of oner or undriapoled overtired Sold. C Anwwer he not camplete. Coaplete this question by enterinu vear answers in then tabs below. a. llaw Materias liventary. b. Whok in Mocesis tmentory. C. flicished coode inventory. d. cest of coods siod. a. Mast of Coods sicad. of fiales fevenue. and $4,400 for anplied overhnor Required: 1. Ser up T Accounts, record the beginning betances. posk the Jahuary tramactons, and compute the final bulance tor the following accounts: a. Raw Mutetiats thventory b. Work in Process inventory. c. Finshed Coods Invertery d. Cost of Goods Sold. e. Manufaching Overtiead i. Selling. Cenerat and Adminetrative Experses g. Sales Reveque. 2. Determane how much gross profit the company would report dunng the month of Jafuary befere any adfistreent is made for the overturad bulince 3. Defermine the amount of ower or underapolied evecticad Sold. Q Answer is aet cemplete. Complete this questian by entering your answers in the tabs below. 4. Sold jobs costing \$stoo0 The revenve camed on these jobs was $66,300 Aequired: accounts: a. Raw Materials inverviory b. Work an Process inventony c. Finished Coods inventory d. Cost of Goods Sold e. Marnifarturng Overtsead f. Selling. General, and Adminntrative rypenses 9. Sales Peveriue 2. Determine how much grass profit the company would report dusing the month of January before any adfuntment as made for the ownead batance: 3. Determine the amount of over-or underapplied overhead 4. Compute adjusted gross profit assuming that any aver- or underapplied overhead balance is acfusted divectly to Caut of Goods Sold Anwer is not complete. Complete this question by entering vour anvers in then tatos befow. Comaitsinit