Problem 1 (20 points). RG Enterprises makes custom dies for manufacturing. RG opened for business on January 1, 2022. During the month the following events occurred. 1. Materials requisitioned from the "Raw Materials" inventory: $50,000 of direct materials. The direct materials were used in the following amounts for the following jobs: Job#001-Job$002-Job$003-$25,00020,0005,000 Additionally $10,000 of indirect materials was pulled from Supplies Inventory for use for the maintenance crew. 2. Accrued payroll of $110,000. Of that amount, $30,000 was for indirect labor. Work tickets show the following amounts of direct labor were used on jobs: Job#001-Job#002-Job#003-$40,00030,00010,000 3. Incurredoverhead costs of $40,000, broken down as follows: - $10,700 accrual of property taxes, - $10,000 for rent prepaid rent, - $20,000 of depreciation on factory equipment, and 4. Paid $5,000 in cash for advertising campaign in "Manufacturing Today" magazine. 5. Overhead is assigned to jobs at a rate of 105% of direct labor cost. 6. Completed Job \#1 and Job\#2. Jobs transferred to finished goods. 7. Sold job #1 on account for $200,000. Required: (show calculations if you want partial credit where appropriate) 1. Calculate the total costs associated with Job #1 ? ( 6 points) (2) What is the ending balance in "Work in Process" on January 31 ? (6 points) (3) Calculate the over- or underappliegd overhead amount for January 2022 for RG Enterprises. (4) points (4) What is the net incorne for RG Enterprise for January, 2022 (after adjustment for any over or underapplied overhead)? (4 points)