BobInc uses a normal job$-$order costing system and on September $1,2023,$ two jobs were in process: Job $1$ and Job $2.$ Job $3$ was in the finished goods warehouse and sold in August. Their job cost sheets showed the following accumulated cost as of August $31,2023$:

Job Direct Material Used Direct Labour Incurred Manufacturing Overhead Applied

Job $1$ $$5600$ $$7,000$ $$6300$

Job $2$ $$4000$ $$6,000$ $$5400$

Job $3$ $$12,000$ $$7,000$ $$6300$

$1.$ During September, Jobs $4$ and $5$ were started.

$2.$ Job $4$ was unfinished and Job $1$ was in the finished goods warehouse at the end of September. Jobs $2$ and $5$ were finished and sold.

$3.$ The company writes off any under$-$ or over$-$applied overhead to the Cost of Goods Sold in the month incurred and assigns manufacturing overhead to jobs based on the cost of direct labour incurred.

$4.$ The beginning balance of raw materials is $$10,500$ in September. End Raw materials is $12300$ $ Assume company purchased only indirect materials used. During September, selling and administrative costs of $$15,830$ were incurred.

$5.$ The income tax rate is $40\%.$

$6.$ Please refer to the Excel worksheet $"$ Data Set" to obtain information on the transactions related to manufacturing costs occurred during September $($ see below$).$

$7.$ The company applies overhead at $90$ percent of labour cost.

Data Set given in excel

Date Cost Type Incurred Amount Job ID $($if applicable$)$

$01-09-2023$ Factory rent $ $5,000$ N$/$A

$03-09-2023$ Direct Labour $ $1,000$ Job $1$

$06-09-2023$ Direct Labour $ $2,000$ Job $1$

$03-09-2023$ Direct Materials $ $1,000$ Job $2$

$04-09-2023$ Direct Labour $ $4,000$ Job $2$

$11-09-2023$ Direct Labour $ $2,500$ Job $1$

$03-09-2023$ Direct Materials $ $2,000$ Job $1$

$06-09-2023$ Direct Labour $ $1,200$ Job $4$

$11-09-2023$ Direct Labour $ $1,200$ Job $4$

$05-09-2023$ Direct Materials $ $500$ Job $1$

$07-09-2023$ Direct Materials $ $3,500$ Job $1$

$13-09-2023$ Direct Labour $ $1,500$ Job $4$

$18-09-2023$ Direct Labour $ $2,000$ Job $4$

$11-09-2023$ Indirect Materials $ $3,000$ N$/$A

$25-09-2023$ Direct Labour $ $1,500$ Job $4$

$26-09-2023$ Direct Labour $ $2,500$ Job $4$

$14-09-2023$ Indirect Labour $ $2,500$ N$/$A

$06-09-2023$ Direct Materials $ $750$ Job $4$

$11-09-2023$ Direct Materials $ $1,500$ Job $4$

$18-09-2023$ Indirect Materials $ $2,500$ N$/$A

$20-09-2023$ Direct Labour $ $1,420$ Job $5$

$26-09-2023$ Direct Labour $ $730$ Job $5$

$20-09-2023$ Factory Utlities $ $4,000$ N$/$A

$12-09-2023$ Direct Materials $ $3,455$ Job $4$

$18-09-2023$ Direct Materials $ $1,255$ Job $4$

$25-09-2023$ Indirect Materials $ $2,200$ N$/$A

$25-09-2023$ Direct Materials $ $290$ Job $4$

$26-09-2023$ Direct Materials $ $2,000$ Job $4$

$27-09-2023$ Direct Labour $ $500$ Job $5$

$20-09-2023$ Direct Materials $ $2,500$ Job $5$

$26-09-2023$ Direct Materials $ $2,500$ Job $5$

$27-09-2023$ Direct Materials $ $1,100$ Job $5$

$28-09-2023$ Indirect Labour $ $2,500$ N$/$A

$30-09-2023$ Equipment Depreciation $ $7,500$ N$/$A

Required $-$ Answer the following questions for the month of September:

A$.$ What is the balance of incomplete jobs from prior periods?

B$.$ What is the ending balance of work$-$in$-$process?

C$.$ What is the cost of goods manufactured?

D$.$ What is the ending balance of finished goods inventory?

E$.$ How much indirect materials were used?

F$.$ What is the unadjusted cost of goods sold?

G$.$ How much raw materials did the company purchase if the ending raw materials inventory is $$12,300?$

H$.$ What is the amount of manufacturing overhead applied?

I. By what amount was manufacturing overhead under$-/$over$-$applied? Only enter the numerical value, do not add a "plus" or "minus" sign.

J$.$ Was manufacturing overhead under$-$ or over$-$applied?

K$.$ What is the adjusted cost of goods sold?

L$.$ Assume that the company the company prices its products at a $40\%$ mark$-$up on product costs. What is the amount of gross profit after adjustment?

M$.$ What is the operating income after taxes for September?