The Following Selected Data Were Taken from the Records of the Fisher

The following selected data were taken from the records of the Fisher Foil Company. The company uses a job costing system to account for its manufacturing costs. Fisher's fiscal year runs from January 1 to December 31; manufacturing overhead is closed out only at the end of the fiscal year. The following information relates to August operations.
(1) Jobs in process on August 1.
$\begin{array}{lrcc}\text { Job No } & \text { Materials } & \text { Labor } & \text { Overhead } \\\text { W12 } & \$ 800 & \$ 1,200 & ? ? \\\mathrm{X} 13 & 1,000 & 1,620 & ? ?\end{array}$

(2) Jobs completed during August: W12, X13, Y14.
(3) Material requisitions and labor time tickets indicated the following:
$\begin{array}{lrr}& \text { Material } & \\\text { Job No. } & \text { Requisitions } & \text { Time Tickets }\\\text { W12 } & \$ 610 & \$ 760 \\\text { X13 } & 370 & 1,420 \\\text { Y14 } & 2,780 & 3,100 \\\text { Z15 } & 4,050 & 1,080 \\\text { General use } & 390 & 540\end{array}$
(4) Jobs sold during August: W12, X13.
(5) Fisher applies overhead to production based upon labor costs.
(6) Selected account balances on August 1 were:
$$\begin{array} { l l} \text { Overhead } & \$ 1,400 \text { Overapplied } \\\text { Materials } & 5,175 \\\text { Work in process } & 9,555 \\\text { Firished goods } & - 0 -\end{array}$$
(7) Various overhead incurred (excluding indirect materials and indirect labor) during August, $13,500.
(8) Materials (direct and indirect) purchased during August, $10,905.
Required:
(a) What is the balance in the Materials Inventory account on August 31?
(b) Is the manufacturing overhead account over- or underapplied on August 31? By how much?
(c) Compute the cost of goods manufactured for August.
(d) Compute the cost of goods sold for August.
(e) What is the balance of the Work-in-Process Inventory account on August 31?