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 $ 9,950 and direct labor costs of $ 15,900. 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 had charges for direct materials $4,100 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 $ 5,500. On December 31, Job No. 157 was the only job finished that was not sold. It had a cost of $ 4,400. Manufacturing overhead was $ 1,695 underapplied in December 3. 4. List the letters (a) through (m) and indicate the amount pertaining to each letter Raw Materials Inventory (a) Dec 31 Dec 1 Beginning balance Requisitions 17.250 31 Purchases 18,725 Dec 31 Ending balance 8,475 Work in Process Inventory Jobs completed Dec 1 (b) Dec 31 0) Beginning balance Dec. 1 Beginning balance (6) Dec 31 Jobs completed (1) 31 Direct materials (c) 31 Direct labor 8,900 31 Overhead (d) Dec.31 Ending balance (e) Finished Goods Inventory () Dec 31 Cost of goods sold 0 Dec. 1 Beginning balance 31 Completed Jobs (h) Dec 31 Ending balance 0 Factory Labor 12.125 Dec 31 Dec 31 (k) Factory wages Wages assigned Manufacturing Overhead 3,500 Dec 31 Overhead applied (m) Dec. 31 Indirect materials 31 Indirect labor 00 31 Other overhead 1.645