XYZ Manufacturing uses job order costing They have job 125 Activity is as follows 5 100 widgets 15 Points 1 Issue materials 2 Incur labor cost 3 Apply manufacturing overhead 4 Complete 80 widgets 5 Sell 60 widgets 10,000 5,000 15,000 22,000 16,500 20,000 Cost Selling Price Required Record journal entries for the above transactions Compute the ending balances in: Work in Process Finished Goods Cost of Goods sold There are no beginning balances