I ONLY NEED ANSWER FOR BOTTOM PORTION!!!!! ******** P2-5A Analyze manufacturing accounts and determine missing amounts
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.
	Raw Materials Inventory
	Dec. 1	Beginning balance			(a)	Dec. 31	Requisitions			$16,850
	31	Purchases			17,225
	Dec.31	Ending balance			7,975
	Work in Process Inventory
	Dec. 1	Beginning balance			(b)	Dec. 31	Jobs completed			(f)
	31	Direct materials			(c)
	31	Direct labor			8,400
	31	Overhead			(d)
	Dec. 31	Ending balance			(e)
	Finished Goods Inventory
	Dec. 1	Beginning balance			(g)	Dec. 31	Cost of goods sold			(i)
	Dec. 31	Jobs completed			(h)
	Dec. 31	Ending balance			(j)
	Factory Labor
	Dec. 31	Factory wages			12,025	Dec. 31	Wages assigned			(k)
	Manufacturing Overhead
	Dec. 31	Indirect materials			2,900	Dec. 31	Overhead applied			(m)
	31	Indirect labor			(l)
	31	Other overhead			1,245
Other data:
1.	On December 1, two jobs were in process: Job No. 154 and Job No.155. These jobs had combined direct
	materials costs of $9,750 and direct labor costs of $15,000. Overhead was applied at a rate that was 75%
	of direct labor cost.
2.	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 $3,800 and direct labor $4,800 plus manufacturing overhead. All
	jobs, except for Job No. 158, were completed in December.
3.	On December 1, Job No. 153 was in the finished goods warehouse. It had a total cost of $5,000. On
	December 31, Job No. 157 was the only job finished that was not sold. It had a cost of $4,000.
4.	Manufacturing overhead was $1,470 underapplied in December.
Instructions
List the items (a) through (m) and indicate the amount pertaining to each letter.
NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?" .

When you have completed P2-5A, consider the following additional question.
1.	Assume that requisitions changed to $17,600. Show the impact of this
	change on the items listed.