The April 2016 transactions of Jackson Productions Ltd, which uses a job order costing system, are shown below. (Ignore GST.)

1. Raw materials purchased, $342000.

2. Raw materials issued to production, $320000 direct and $42000 indirect.

3. Factory payroll included $498000 of direct labour and $96000 of indirect labour.

4. Other overhead costs incurred were:

Rates Supplies Insurance Gas

$52000 40500 48000 76800

5. Depreciation of manufacturing equipment, $57000.

6. Factory overhead is applied at 80% of direct labour cost.

7. Jobs completed and transferred to finished goods at cost, $1170000.

8. Jobs with a cost of $1100000 were sold for $1375000 cash.

9. Beginning inventories were:

Raw materials Work in process Finished goods

$43500 122000 105000

Required

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

B. Calculate the ending balances in work in process, raw materials and finished goods.

C. Was overhead underapplied or overapplied in April? By what amount?