OVERHEAD APPLICATION AND JOB-ORDER COSTING Julian Company is a job-order costing firm that uses a plantwide overhead rate based on direct labor hours. Estimated information for the year is as follows:

Overhead $665,000 Direct labor hours 100,000 Julian worked on five jobs in July. Data are as follows:

Job 210 Job 211 Job 212 Job 213 Job 214 Balance, July 1 $32,780 $51,770 $29,600 $0 $0 Direct materials $25,500 $39,800 $24,450 $13,600 $18,420 Direct labor cost $60,000 $28,500 $41,500 $23,000 $21,300 Direct labor hours 4,000 1,900 2,700 1,500 1,400 By July 31, Jobs 210 and 212 were completed and sold. The remaining jobs were in process.

Required:

. Calculate the plantwide overhead rate for Julian Company.

. Prepare job-order cost sheets for each job showing all costs through July 31.

. Calculate the balance in Work in Process on July 31.

. Calculate Cost of Goods Sold for July.

Problem