Ialani Corp. uses a job order costing system for the yachts it constructs. On September 1, 2010, the company had the following account balances:

Raw Material Inventory ........ $332,400

Work in Process Inventory .....1,512,600

Cost of Goods Sold ........4,864,000

On September 1, the three jobs in Work in Process Inventory had the following balances:

Job #75 ........$586,400

Job #78 ....... 266,600

Job #82 ....... 659,600

The following transactions occurred during September:

Sept. 1 Purchased $1,940,000 of raw material on account.

4 Issued $1,900,000 of raw material as follows:

Job #75, $289,600; Job #78, $252,600;

Job #82, $992,200; Job #86, $312,400; and indirect material, $53,200.

15 Prepared and paid the $757,000 factory payroll for September 1–15.

Analysis of this payroll showed the following information:

15 On each payroll date, Ialani Corp. applies manufacturing overhead to jobs at a rate of $12.50 per direct labor hour.
15 Job #75 was completed, accepted by the customer, and billed at a selling price of cost plus 30 percent. Selling prices are rounded to the nearest whole dollar.
20 Paid the following monthly factory bills: utilities, $39,600; rent, $70,600; and accounts payable (accrued in August), $196,800.
24 Purchased raw material on account, $624,000.
25 Issued $772,200 of raw material as follows: Job #78, $154,800; Job #82, $212,600; Job #86, $349,000; and indirect material, $55,800.
30 Recorded additional factory overhead costs as follows: depreciation, $809,000; expired prepaid insurance, $165,400; and accrued taxes and licenses, $232,400.
30 Recorded and paid the factory payroll for September 16–30 of $714,400. Analysis of the payroll follows:

30 Applied overhead for the second half of the month to jobs.
a. Journalize the September transactions.
b. Use T-accounts to post the information from the journal entries in (a) to the job cost subsidiary accounts and to general ledger accounts.
c. Reconcile the September 30 balances in the subsidiary ledger with the Work in Process Inventory account in the general ledger.
d. Determine the amount of underapplied or overapplied overhead forSeptember.

job #75 job #78 lob #82 Job #86 Indirect labor wages 9,660 hours 26,320 hours 20,300 hours 10,280 hours 84600 267200 203,000 110800 91,400 Job #78 Job #82 Job #86 Indirect labor wages 8,940 hours 177,400 228,400 243,600 65,000 13,650 hours 9,980 hours