Hungry Frozen Food Company operates an order-to-order costing system. job. For the month of June I had the following information: work in process inventory as of June 1 was US$12,500; the raw materials purchased amounted to US$15,000; the materials required were worth US$11,000, of which US$3,000 were indirect. Payroll for the month was US$36,000, US$12,000 of which which were indirect. Actual manufacturing overhead costs were US$42,000. The Manufacturing overhead costs are applied to a labor cost direct 85%. In June the work orders were completed at a cost total of US$52,000. Work orders with costs of US$76,000 are They sold with a gross profit margin of 30% of cost. Suppose a perpetual inventory system

a Prepare the entries for the above transactions, b Calculate the value in work in process inventory