Sunland Corporations fiscal year ends on November 30. the following accounts are found in its job order cost accounting system for the first month of the new fiscal year.
1. on December 1, two jobs were in process: job 154 and job 155. these jobs had combined direct materials costs of $9,950 and direct labor costs of $15,200. Overhead was applied at a rate that was 75% of direct labor cost.
2. During December, jobs 156,157,and 158 were strted. on December 31, job 158 was unfinished. this job had charges for direct materials $4,400 and direct labor $5,200 plus manufacturing overhead. all jobs except for job 158 were completed in December.
3. on December 1, job 153 was in the finished goods warehouse. it had a total cost of $5,500. on December 31, job 157 was the only jon finished that was not sold. it had a cost of $4,300
4. Manufacturing overhead was $1,145 underapplied in December.
CES 18,950 Dec. 1 Beginning balance 31 Purchases Dec. 31 Ending balance Raw Materials Inventory (a) Dec. 31 Requisitions 18,025 8,125 Work in Process Inventory (6) Dec. 31 Jobs completed (F) Dec. 1 Beginning balance 31 Direct materials 31 Direct labor (c) 9,100 (d) 31 Overhead Dec. 31 Ending balance Finished Goods Inventory (9) Dec. 31 Cost of goods sold Dec, 1 Beginning balance ly 31 Completed jobs Dec. 31 Ending balance 6) Factory Labor Dec. 31 Factory wages (k) 12,225 Dec. 31 Wages assigned Manufacturing Overhead 3,300 Dec. 31 Overhead applied Dec. 31 Indirect materials (m) 31 Indirect labor (0 31 Other overhead 1,545 Click if you would like to Show Work for this question: Open Show Work 
