B Insert Table Chart Text Shape Media Com PARTA Answer either Question 1 or Question 2 in Part A. Question 1. Job Order Cost Accounting (23 Marks) Quality Manufacturing uses a job order cost accounting system. On April 1, the company has Work in Process Inventory of $9,200 and two jobs in process: Job No. 221, $5,200, and Job No. 222, 54,000. During April, a summary of source documents reveals the following: Materials Requisition Slips I Labor Time Tickets For Job No. 221 $1,300 $1,500 222 1,600 2,300 223 2,200 2,500 224 2,800 2,100 General use 700 600 Totals $8,600 $9.000 Quality applies manufacturing overhead to jobs at an overhead rate of 65% of direct labor cost. Job No. 221 is completed during the month. Instructions fa) Prepare summary journal entries to record the raw materials requisitioned, factory labor used, the assignment of manufacturing overhead to jobs, and the completion of Job No. 221. (b) Calculate the balance of the Work in Process Inventory account at April 30 (c) If Quality Manufacturing incurred $5,000 of manufacturing overhead in addition to indirect materials and indirect labor, was overhead over or under-applied in April and by how much? Question 2 722 words