What is the ending balance for raw materials? What is the ending balance for work in process? What is the ending balance for finished goods? What is the actual manufacturing overhead cost incurred during December before adjustment? What is the total applied manufacturing overhead cost during December before adjustment? What is the unadjusted cost of goods sold? Was the manufacturing overhead for the month of December overapplied/underapplied ? What is the amount of Manufacturing overhead overapplied/underapplied? What is the adjusted cost of goods sold? What is gross margin? What is the total prime cost for Job#1? What is the total conversion cost for job #1? What is the total product cost for job#1? What was the period cost incurred for the month of December? What is the total variable cost incurred for Job #1(assume that all selling and administrative cost and all manufacturing overhead costs are fixed.)? What is the contribution margin for Job #1 (assume that all selling and administrative cost and all manufacturing overhead costs are fixed.)? What would be the actual (not applied) total fixed manufacturing overhead cost incurred for the company for the month if the order in Job #1 is for five tables instead of one table assuming this cost is with in the relevant range?Thunderduck Custom Tables, Inc. Thunderduck Custom Tables, Inc. Thunderduck Custom Tables, Inc. WN Schedule of cost of goods manufactured Cost of goods sold Income Statement For the month Ended December 31, 20XX For the month Ended December 31, 20XX For the month Ended December 31, 20XX 5 Beginning Raw Materials 0 0 Beginning Finished Goods 0 Sales 32000 6 Add: Purchase of raww materials 27000 Add: Cost of goods manufactured 9550 Cost of Goold sold 10950 7 Raw Materials available for sale 27000 Good available for sale 9550 Gross Margin 21050 8 Less: Ending raw materials 13130 Less: Ending finished goods 0 Selling and Administrative Expenses 9 Raw Materials used in production 13870 Unadjusted Cost of Goods sold 9550 Depreciation Expense 600 10 Add: Direct Labor 225 Add: Under Applied Overhead 1400 Adversiting Expense 1600 11 Add: Applied MOH 4050 Adjusted Cost of Goods Sold 10950 Salaries Expense 2000 12 Total Manufactoring Cost 18145 Total Selling and Administrative Expenses 4200 13 Add: Beginning Work In Process Net Operating Income 16850 14 Less: Ending Work In process 8595 15 Cost of Goods manufactured 9550 16 171-Dec Raw Materials 27,000.00 Accounts Payable 27,000.00 To record purchase of Raw Materials on Account 5-Dec Work in Process 6,700.00 Raw Materials 6,700.00 To record materials requisitioned from material storage for JOB #1 4 Table legs - 1,000*4 4,000.00 1 Table top -2,700* 1 2,700.00 total 6,700.00 10-Dec Work in Process 150.00 Manufacturing Overhead 4,000,00 Salaries and Wages Expense 2,000.00 Salaries and wages payable 2,150.00 To record employee costs incurred but not paid 6 hours "$25 - 6*$25 150.00 15-Dec Work in Process 7,170.00 Raw Materials 7,170.00 To record materials requisitioned from material storage for 108 #2 4 Table legs = 1,000*4 4,000.00 1 Table top = 2,700*1 2,700.00 1 Drawer = 470*1 470.00 total 7,170.00 16-Dec Manufacturing overhead 1,300.00 Accounts payable 1,300.00 To record rent for the month not paid 17-Dec Advertising Expense 1,600.00 Accounts Payable 1,600.00 To record advertising expense incurred but not yet paid 20-Dec Manufacturing overhead 150.00 Depreciation Expense 600.00 Accumulated Depreciation 750.00 To record depreciation for the month 22-Dec Work in process 2,700.00 Manufacturing Overhead 2,700.00 To record actual overhead applied to Job # 1 6 Direct labor hours "POHR 450 = 450*6 26-Dec Finished Goods 9,550.00 Work in process 9,550.00 To record Jobill from WIP to FG. Raw Materials 6,700.00 Direct Labor 150.00 Overhead 2,700.00 9,550.00 28-Dec Accounts Receivables 32,000.00 Sales 32,000.00 Cost of Goods sold 9,550.00 Finished goods 9,550.00 To record sale on account for Job# 31-Dec Work in Process 75.00 Salaries and wages payable 75.00 To record direct labor inccured but not paid 3 hours * $25 31-Dec Work in Process 1,350.00 Manufacturing Overhead 1,350.00 To record Actual overhead applied 3 direct labor hours * POHR 450 31-Dec Cost of goods sold 1,400.00 Manufacturing Overhead 1,400.00 To record under applied overhead closed to COGS. Actual Overhead 5,450.00 Applied Overhead 1,050.00 Under[Over) 1,400.00 Under applied