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Reyes Manufacturing Company uses a job order cost system. At the beginning of January, the company had one job in process $($Job $201)$ and one job completed but not yet sold $($Job $200).$ Job $202$ was started during January. Other select account balances follow $($ignore any accounts that are not listed$).$

During January, the company had the following transactions:

Purchased $$70,000$ worth of materials on account.

Recorded materials issued to production as follows:

Job NumberTotal Cost$201$$ $10,10020221,100$Indirect materials$6,700$$ $37,900$

Recorded factory payroll costs from labor time tickets that revealed the following:

Job NumberHoursTotal Cost$201116$$ $2,80020238710,500$Factory supervision$5,100$$ $18,400$

Applied overhead to production at a rate of $$25\mathrm{.}00$ per direct labor hour for $503$ actual direct labor hours.

Recorded the following actual manufacturing overhead costs:

ItemTotal CostDescriptionFactory rent$ $2,100$Paid in cashDepreciation$4,500$Factory equipmentFactory utilities$2,700$Incurred but not paidFactory insurance$2,200$Prepaid policy$$$ $11,500$

Completed Job $201$ and transferred it to Finished Goods Inventory.

Sold Job $200$ for $$51,000.$

Job $202$ was still in process at the end of January.

Required:

Post the preceding transactions to T$-$accounts. $($Note: Capture the offsetting of debits and credits to other accounts such as Cash, Payables, Accumulated Depreciation, and so on in Miscellaneous Accounts.$)$

Compute the ending balance in the following accounts:

Raw Materials Inventory.Work in Process Inventory.Finished Goods Inventory.Cost of Goods Sold $($unadjusted$).$Manufacturing Overhead $($Specify if overhead is overapplied or underapplied$).$

Compute the total cost of Jobs $201$ and $202$ at the end of January.

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