Thompson industries uses a job-order costing system and a predetermined overhead rate based on direct labour cost. Estimated overhead for 2000 was exist540,000 and estimated direct labour costs were exist900,000. On January 1, 2000, the company had the following inventories: The following information pertains to the company's activities for the month of January 2000: a. Purchased exist150,000 of materials on account. b. job Nos. 97 and 98 were started during the month. c. Materials requisitioned for production totalled exist144,000, of which exist6,000 was for indirect materials. d. Factory payroll for the month totalled exist100,000, of which exist15,000 was for indirect labour. The direct labour was distributed as follows: e. The company made adjusting entries at the end of January to record the following expenses: f. Other manufacturing costs not yet paid totalled exist30, 650. g. Overhead was applied using the predetermined overhead rate based upon direct labour cost. h. Job Nos. 96 and 97 were completed during the month. i. Job NO. 96 was sold on account during the month at a selling price of 120% of manufacturing cost. Prepare journal entries to record the manufacturing activities of the company for January and post to job-cost sheets, where appropriate. (appendix)