Need help with G,H & I and over/underapplied overhead. Thank You!

Problem 7-67 (Algo) Show Flow of Costs to Jobs (LO 7-2, 3) Manor Painting is a commercial interior and exterior painting contractor specializing in commercial buildings. An inventory of materials ind equipment is on hand at all times, so work can start as quickly as possible. Special equipment is ordered as required. On August he Materials Inventory account had a balance of $54,300. The Work-in-Process Inventory account is maintained to record costs of vork not yet complete. There were two such jobs on August 1 with the following costs: Dverhead has been applied at 40 percent of the costs of direct labor using an annual rate. During August, Manor Painting started two new jobs. Additional work was carried out on Jobs 84 and 87 . Job 87 was completed and illed to the customer. Details on the costs incurred on jobs during August follow: Other August Events 1. Purchased materials and equipment for $14,400. 2. Billed $195,300 to the customer for Job 87 and received payment for $115,300 of that amount. 3. Received $18,900 payment on Job 82 delivered to customer in July. 4. Determined that payroll for indirect labor personnel totaled $2,160. 5. Issued supplies and incidental materials for current jobs costing $780. 6. Recorded overhead and advertising costs for the operation as follows (all cash except equipment depreciation): Required: a. Prepare journal entries to record the flow of costs for operations during August. b. Calculate the amount of over-or underapplied overhead for the month. This amount is debited or credited to Cost of Goods Sold. c. Determine inventory balances for Materials and Equipment Inventory and Work-in-Process Inventory. Required B > Record overhead, advertising, and depreciation cost as per the table given above. Note: Enter debits before credits. Note: Enter debits before credits. Note: tnter debits betore credits. Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the amount of over-or underapplied overhead for the month. This amount is debited or credited to Cost of Goods Sold. Problem 7-67 (Algo) Show Flow of Costs to Jobs (LO 7-2, 3) Manor Painting is a commercial interior and exterior painting contractor specializing in commercial buildings. An inventory of materials ind equipment is on hand at all times, so work can start as quickly as possible. Special equipment is ordered as required. On August he Materials Inventory account had a balance of $54,300. The Work-in-Process Inventory account is maintained to record costs of vork not yet complete. There were two such jobs on August 1 with the following costs: Dverhead has been applied at 40 percent of the costs of direct labor using an annual rate. During August, Manor Painting started two new jobs. Additional work was carried out on Jobs 84 and 87 . Job 87 was completed and illed to the customer. Details on the costs incurred on jobs during August follow: Other August Events 1. Purchased materials and equipment for $14,400. 2. Billed $195,300 to the customer for Job 87 and received payment for $115,300 of that amount. 3. Received $18,900 payment on Job 82 delivered to customer in July. 4. Determined that payroll for indirect labor personnel totaled $2,160. 5. Issued supplies and incidental materials for current jobs costing $780. 6. Recorded overhead and advertising costs for the operation as follows (all cash except equipment depreciation): Required: a. Prepare journal entries to record the flow of costs for operations during August. b. Calculate the amount of over-or underapplied overhead for the month. This amount is debited or credited to Cost of Goods Sold. c. Determine inventory balances for Materials and Equipment Inventory and Work-in-Process Inventory. Required B > Record overhead, advertising, and depreciation cost as per the table given above. Note: Enter debits before credits. Note: Enter debits before credits. Note: tnter debits betore credits. Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the amount of over-or underapplied overhead for the month. This amount is debited or credited to Cost of Goods Sold