Whitfield Ltd., which applies the normal costing system for recording accounting transactions, is in the business of manufacturing cabinets and doors for new installations and the renovations market. On October 1, finished goods inventory consisted of one job, #105, with a total cost of $18,000. This job was sold during October. 4 The following information is available for the month of October: Costs Incurred to October 1 Added in October Direct Direct Direct Direct Job # Materials Labour Materials Labour Status at October 31 101 $9,000 $2,000 $ -0- $1,000 Completed but not sold 107 2,500 1,500 ? ? Not completed 111 600 100 500 3,000 Completed but not sold 118 -0- -0- 800 200 Not completed Activity in accounts: Opening Balance Purchased Issued/Used Ending Balance Account October 1 in October in October October 31 Direct Materials $3,000 $6,000 $4,900 $ ? Direct Labour $8,000 The following applies to October: Manufacturing overhead is applied at 120% of the direct labour cost. Actual manufacturing overhead was $10,000 for the month of October. The amount of over-applied or under-applied manufacturing overhead is considered significant and should be closed at the end of each month. Required: a. Prepare simple job-order cost sheets for Jobs 101, 107, 111, and 118 for the month of October. Use the following format: Job Number 101 107 111 118 Total Beginning WIP DM DL OH Applied Total cost b. Prepare the appropriate journal entry to close out the manufacturing overhead account at the end of the month of October. c. Calculate the inventories account balances in direct materials, work-in-process, and finished goods, as of October 31