The Clash Company uses Normal Job Order Costing in its only production department. Overhead is applied to jobs by a predetermined rate, which is based on machine hours. The Company began business on December 1, 2011. The only job started into process during December was Job 45. During December the Company purchased direct materials with a total cost of $15,000. Of this total for direct materials, $2,500 was used on Job 45. The Company also charged a total of $7,500 in conversion costs (direct labor + overhead) to Job 45 during December. Job 45 was NOT finished as of the end of December and no other jobs were worked on during the month. There was no underapplied or overapplied overhead for December. The following transactions occurred during 2012. Estimated overhead for 2012 is $384,000. The estimated machine hours for 2012 total 24,000. Direct materials purchased during 2012 cost a total of $150,000. Direct materials, direct labor, and machine hours used on jobs during 2012 are as follows: Direct Materials Direct Labor Machine Hours Job 45 $31,500 $18,500 8,000 hours Job 50 $40,250 $22,750 6,000 hours Job 55 $28,000 $29,000 7,000 hours Job 60 $38,250 $30,750 4,000 hours Other Costs incurred during 2012 include the following: Depreciation Expense – Finished Goods Warehouse $ 20,000 Indirect Labor $168,000 Administrative Salaries $120,000 Factory Insurance $ 55,000 Factory Utilities $ 61,000 Miscellaneous Overhead $ 80,000 Miscellaneous Administrative Expense $110,000 Factory Equipment Depreciation $ 49,000 Selling Expense $200,000 Jobs 45, 50, and 55 were completed during the year. Job 45 consisted of 20,000 units; Job 50 consisted of 30,000 units; and Job 55 consisted of 10,000 units. All units in Job 45 were sold for $20 each. All units in Job 55 were…