Shown below are the job cost related accounts for the law firm of Barnes, King, andMorton and their manufacturing-company equivalents:

Cost data for the month of March follow.1. Purchased supplies on account $1,500.2. Issued supplies $1,200 (60% direct and 40% indirect).3. Time cards for the month indicated labor costs of $50,000 (80% direct and 20% indirect).4. Operating overhead costs incurred for cash totaled $40,000.5. Operating overhead is applied at a rate of 90% of direct attorney cost.6. Work completed totaled $70,000.Instructions(a) Journalize the transactions for March. Omit explanations.(b) Determine the balance of the Work in Process account. Use a Taccount.

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Law Firm Accounts Supplies Salaries Payable Operating Overhead Work in Process Cost of Completed Work Manufacturing-Company Accounts Raw Materials Factory Wages Payable Manufacturing Overhead Work in Process Cost of Goods Sold