Washburn Manufacturing uses a job order cost accounting system. On June 1, the company has a balance in Work in Process Inventory of $6,050 and two jobs in process: Job No. 101, $1,650, and Job No. 102, $4,400. During June, a summary of source documents reveals the following: For Materials Requisition Slips Labor Time Tickets Job No. 101 $ 5,500 $ 4,125 Job No. 102 9,350 7,150 Job No. 103 3,850 2,200 Job No. 104 8,250 6,930 General Use 1,350 1,500 $28,300 $ 21,905 Washburn Manufacturing applies manufacturing overhead to jobs at an overhead rate of 140% of direct labor cost. Jobs No. 101 and 103 are completed during the month. Instructions (a) Prepare summary journal entries to record each of the following: (1) the materials requisition slips, (2) time tickets, (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Jobs No. 101 and 103. Show computations. Use proper account titles-do not use abbreviations. You may omit journal explanations. (b) Answer the following questions. 1. What is the balance in Work in Process Inventory at June 30? 2. If Washburn Manufacturing incurred $38,005 of manufacturing overhead in addition to indirect materials and indirect labor, was overhead over- or underapplied in June and by how much