Current Attempt in Progress Phillips Corporation's fiscal year ends on November 30. The following accounts are found in its job order cost accounting system for the first month of the new fiscal year. Other data: 1. 2 On December 1, two jobs were in process: Job No. 154 and Job No. 155. These jobs had combined direct materials costs of $9.850 and direct labor costs of $15.600 Overhead was applied at a rate that was 75% of direct labor cost. During December, Job Nos. 156, 157, and 158 were started on December 31, Job No. 158 was unfinished. This job hud charges for direct materials $4,400 and direct labor $5.200, plus manufacturing overhead. All jobs, except for Job No 158. were completed in December On December 1. Job No. 153 was in the finished goods warehouse, it had a total cost of $5.100. On December 31, Job No. 157 was the only job finished that was not sold. It had a cost of $4,100 Manufacturing overhead was $1.245 underapplied in December 3 4 List the lettersial through m) and indicate the amount pertaining to each letter Raw Materials Inventory Dec, 1 Beginning balance (a) Dec 31 Requisitions 18,150 31 Purchases Dec. 31 Ending balance 18,125 8.165 Dec 1 Beginning balance Work in Process Inventory b) Dec 31 Jobs completed 31 Direct materials (c) 31 Direct labor 9.100 31 Overhead (di Dec 31 Ending balance le Finished Goods Inventory Dec 31 Cost of goods sold Deci Beginning balance 23 Completelina Finished Goods Inventory (8) Dec 31 Cost of goods sold Dec 1 Beginning balance 31 Completed jobs th Dec 31 Ending balance Factory Labor 12.125 Dec 31 Dec. 31 Factory wages wages assigned Manufacturing Overhead 13,500 Dec 31 Overhead applied Declas Indirect materials Om indirect Inbot (1) 31 Other overhead 1.545