During January 2021, its first month of operations, Apex Manufacturing Company completed the transactions listed below....

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During January 2021, its first month of operations, Apex Manufacturing Company completed the transactions listed below. Weston uses a job order costing system. Costs for direct materials and direct labor are entered directly on specific job order cost sheets. Manufacturing overhead is allocated to the jobs using direct labor costs. < The company estimated the total manufacturing overhead for the coming year (2021) to be $2,000,000. The total estimated direct labor costs for the coming year was $2,500,000 The following work was done during the month: < Job 1.... 2. 3. Materials Factory Labor $21,600 $36,800 10,400 16,000 4,400 10,800 The following information is provided: < Job 1 was completed during December < Job 2 was incomplete as of December 31, 2021 < Job 3 was completed and sold during December. Required: < i) ii) Calculate the predetermined overhead rate for the year 2021. < < Prepare Job Cost Cards for each of the jobs < Job 1: Job 2: Job 3: What is the balance in Work-in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold at the end of December 2021? During January 2021, its first month of operations, Apex Manufacturing Company completed the transactions listed below. Weston uses a job order costing system. Costs for direct materials and direct labor are entered directly on specific job order cost sheets. Manufacturing overhead is allocated to the jobs using direct labor costs. < The company estimated the total manufacturing overhead for the coming year (2021) to be $2,000,000. The total estimated direct labor costs for the coming year was $2,500,000 The following work was done during the month: < Job 1.... 2. 3. Materials Factory Labor $21,600 $36,800 10,400 16,000 4,400 10,800 The following information is provided: < Job 1 was completed during December < Job 2 was incomplete as of December 31, 2021 < Job 3 was completed and sold during December. Required: < i) ii) Calculate the predetermined overhead rate for the year 2021. < < Prepare Job Cost Cards for each of the jobs < Job 1: Job 2: Job 3: What is the balance in Work-in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold at the end of December 2021?