Dec $1$: Raw materials purchased on account, $$25,00012-$ Whut is the adputsed cost of goods soldt

$13-$ What is be gros margin $($in dolimp fros De incose stremenc?

$14-$ Whut is the total prime cont from tee $/$ob $81$ Cont Sheet?

What is the total comertion cost from the dot is Cest sheet?

$$

What is the Mol protuct cost lowe be hob $91$ Cont Sheet?

$4$

Whut wn te period cout incured for the monch of December?

mentecturing coretiesd costs weffines$)$

cons theet:

Dec $5$: The first order you received was to manufacture a table using a table top and four legs. This is your Job #$1.$ All raw materials needed for Job #$1$ were requested from the material storage for use during the month. All materials are direct. $($After you journalize this entry please enter the information into Job #$1$ Cost Sheet$)$

Dec $10$:

The following employee costs were incurred but not paid during the month:

Direct labor for Job #$1,$ consisted of $60$ hours at a rate of $$50$ per hour, totaling $$3,000.($After you journalize this entry please enter the information into Job #$1$ Cost Sheet$)$

Salary for factory supervisor $$2,800.$

Administrative salary $$1,800.$

Dec $12$: Manufacturing overhead cost was applied based on direct labor hours to Job #$1$ using the POHR calculated in Question $1.($After you journalize this entry please enter the information into Job #$1$ Cost Sheet$)$

Dec $15$: The second order you received was to manufacture a table using a table top, four legs and a drawer. This is your Job #$2.$ All raw materials needed for Job #$2$ were requested from the material storage for use during the month. All materials are direct. $($After you journalize this entry please enter the information into Job #$2$ Cost Sheet$)$

Dec $16$: Factory rent incurred but not paid for the month was $$1,100.$

Dec $17$: Advertising costs incurred but not paid for the month was $$1,200.$

Dec $20$: Depreciation on equipment for the month of December was $$650($$$450$ for equipment used in the factory and $$200$ for equipment used in selling and administrative activities$).$

Dec $23$: Property insurance incurred but not paid $$2,250($$$1,800$ for the factory and $$450$ for selling and administrative offices$).$

Dec $26$: Job #$1$ was completed and transferred to Finished Goods during the month.

Dec $28$: The completed table from Job #$1$ was sold on account to the customer for $$30,000$ during the month. $($Hint: Make sure to account for the cost of the table that was sold using the cost from the job cost sheet.$)$

Dec $31$: By the end of the month, $30$ hours of direct labor were incurred at a rate of $$50$ per hour, totaling $$1,500$ to begin production on job #$2.$ The employees will be paid next month. $($After you journalize this entry please enter the information into Job #$2$ Cost Sheet$)$

Dec $31$: Manufacturing overhead cost was applied using the direct labor hours from Job #$2$ and the POHR calculated in Question $1.($After you journalize this entry please enter the information into Job #$2$ Cost Sheet$)$

Step $2$

Post the journal entries that you recorded on the "General Journal" tab to the $"$T$-$accounts $($General Ledger$)"$ tab and calculate the ending balance for each account. This is the company's first month of business, so there will not be any beginning balances.

Next, prepare the following journal entry:

Dec $31$: Record the entry in the general journal to close the Manufacturing Overhead account and adjust for overapplied$/$underapplied overhead.

Step $3$ Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold on the "Schedule of COGM and COGS" tab for Job #$1$ and Job #$2$ that were worked on during the month by the company. Make sure to follow the format noted in your book $($pg$.115$ and $117).($Hint: This is the company's first month of operations and therefore the beginning balances will be zero.$)$

Step $4$ Prepare an Income Statement for the month using the Traditional Format on the "Income Statement" tab.

Step $5$ Use the following check figures and make any necessary corrections.

Check Figure $1$: Cost of Goods Manufactured $$12,250$

Check Figure $2$: Net Operating Income $$12,675$

answer $12-20$ plz