Stellar Sound, Inc. which uses a job-order costing system, had two jobs in process at the start of 20x1: job no. 64 ($84,100) and job no. 65 ($53,300). The following information is available:a. The company applies manufacturing overhead on the basis of machine hours (based on practical capacity). Budgeted overhead and machine activity for the year were anticipated to be $808,000, and 16,000 hours, respectively.b. The company worked on four jobs during the first quarter. Direct materials used, direct labor incurred, and machine hours consumed were as follows:job no direct material direct labor machine hours64 21,000 35,000 120065 22000 70066 44,000 65000 200067 15000 8800 500c. Manufacturing overhead during the first quarter included charges for depreciation ($33,900), indirect labor ($60,100), indirect materials used ($5,100), and other factory costs ($139,600).d. Stellar Sound completed job no. 64 and job no. 65. Job no. 65 was sold on account, producing a profit of $34,900 for the firm.1A. Journal entry for completion of job no 64 and 65debit finished goods at ? amountcredit works in process at ?? amount1B. Journal entry for job no 65Debit A/R at ???? amountCredit sales revenue at ???? amountDebit cost of goods sold at ???? amountCredit finished goods at???? amount2. Determine the cost of the jobs still in production as of March 31.3. Did the finished-goods inventory increase or decrease during the first quarter? By how much?4. Was manufacturing overhead under- or overapplied for the first quarter of the year? By how much? (Omit the "$" sign in your response.)