Problem 1: (3 marks ) During August, Leming Inc. worked on two jobs. Data relating to these two jobs follow : Job 64 Job 65 Units in each order 50 units 30 units Units sold 50 units Materials requisitioned $ 3,560 $ 785 Direct labor hours 410 hours 583 hours Direct labor cost $6,720 $9,328 Overhead is assigned on the basis of direct labor hours at a rate of $11. During August, Job 64 was completed and transferred to Finish Goods. Job 65 was the only unfinished job at the end of the month Required: 1 . Prepare the journal entries reflecting the issuing of raw material, labor cost, manufacturing overhead applied, completion and sale on account of Job 64. The selling price is 175% of cost. (Note: Round all journal entry amounts to the nearest dollar ) (10 marks ). 2. Calculate the per-unit cost of Job 64 (10 marks). 3. Compute the ending balance in the work -in-process account (10 marks ). Problem 2 (7 marks ) Anna Corporation uses the FiFo method in its process costing system. Data concerning the second processing department for the most recent month are listed below : Beginning work in process inventory Units in beginning work in process inventory 1,600 units