Fine Furniture Ltd uses a job order costing system. The September cost data were as follows:

Raw materials purchased on credit Direct labour costs Raw materials issued to production Actual factory overhead costs (including depreciation of $27240) Cost of goods manufactured Sales (all credit)

$354000 366600 329400  275000 944600 1040200

Machine hours for September were 55700hours, and the business applies factory overhead to production at a rate of $5.60 per machine hour. The beginning raw materials inventory was $40000. The beginning work in process inventory was $66800. The beginning and ending finished goods inventories were $99000 and $128000 respectively. Ignore GST.

Required

A. Prepare general journal entries to record the September transactions.

B. Was overhead overapplied or underapplied for the month of September.

C. Calculate the ending balances of raw materials and work in process.