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Raw material purchased on account, $367,200. Direct material issued to Job #4263 cost...

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Accounting

Raw material purchased on account, $367,200.
Direct material issued to Job #4263 cost $294,840; indirect material issued for that job cost $22,428. Direct material costing $3,366 was issued to start production of Job #4264.
Direct labor hours worked on Job #4263 were 3,600. Direct labor hours for Job #4264 were 120. All direct labor employees were paid $27 per hour.
Other actual factory overhead costs incurred for the month totaled $123,660. This applied to production at the rate of $32.40 per direct labor hour.
a. Prepare journal entries for Transactions 1-5.
Note: List any multiple debits or any multiple credits in alphabetical order by account name.
b. Determine the balance in Raw Material Inventory at the end of the month. $0
c. Determine the balance in Work in Process Inventory at the end of the month. :
d. Determine the cost of the goods manufactured during April. $0
e. If completed goods consist of 10,000 similar units, what was the cost per unit?
Note: Round unit costs to two decimal places (i.e. round $4.355 to $4.36).
f. What is the amount of underapplied or overapplied overhead at the end of April?
Note: Do not use a negative sign with your answer.
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