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Adams Manufacturing has three jobs in process in October of the current year, B2-19, C3-19, and D4-4. All thr were begun during the first week of October. Job C3-19 was completed on October 10 with total labor costs of
$14,750 and total material costs of $8,855 (details of the individual direct material and direct labor costs charged to job C3-19 are given on the Job Order Cost Sheet provided). No other jobs were completed in October. The total balance in Job D4-4 is $8,250 ($4,275 in materials and $3,975 in labor) and in Job B2-19 is
$17,850 ($10,425 in materials and $7,425 in labor) before overhead is applied. Overhead is applied based on total direct labor dollars. Estimated total direct labor dollars for the year is $440,000 and total estimated manufacturing overhead is $352,000.
-Based on the information given:
1. Determine the overhead rate for Adams Manufacturing;
2. Prepare the journal entry to apply manufacturing overhead to manufacturing process for the month of October;
3. Determine the balance in the Work in Process account at the end of October.
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