05 15-16 (Algal Preparing and interpreting job cost sheet LO P1, P2, P3 A company that uses job order costing reports the costs incurred below. Overhead is applied at the rate of 43% of direct materials cost. The company has no beginning Work in Process or Finished Goods inventories. Jobs 1 and 3 are not finished by the end of the month, and Job 2 is nished but not sold by month-end. Job 1 Job 2 Job 3 Direct materials used 5. 7-",608 $ 9,608 $ 3,508 Direct labor used 5 11,360 $ 5,260 $ 4,260 1. Preparejob cost sheets that have direct materials, direct labor, and overhead applied for each ofrhe threejobs forthe month. 2. Determine the total dollar amount of Work in Process Inventory at the end of the month. 3. Determine the total dollar amount of Finished Goods Inventory at the end of the month. Complete this question by entering your answers in the labs below. Required 1 Required 2 Required 3 Prepare job oost sheets that have direct materials, direct labor, and overhead applied for each of the three jobs for the month. Direct materials Direct la bqr Overhead Required 2 > 05 15-16 (Algal Preparing and interpretingjob cost sheet LO P1, P2, P3 A company that uses job order costing reports the costs incurred below. lOverhead is applied at the rate of 43% of direct materials cost. The company has no beginning Work in Process or Finished Goods inventories. Jobs 1 and 3 are not finished by the end of the month. and Job 2 is nished but not sold by monthend. Job 1 Job 2 Job 3 Direct materials used 5 EBB-B 5 9,309 5 3,560 Direct labor used .5 11,808 5 5,208 5 4,206 1. Prepare job cost sheets that have direct materials, direct labor, and overhead applied for each ofrhe threejobs for the month. 2. Determine the total dollar amount of Work in Process Inventory at the end ofthe month. 3. Determine the total dollar amount of Finished Goods Inventory at the end of the month. Complete this question by entering your answers in the labs below. Required 1 Required 2 Required 3 Determine the total dollar amount of Work in Process Inventory at the end of the month. 05 15-16 (Algal Preparing and interpretingjob cost sheet LO P1, P2, P3 A company that uses job order costing reports the costs incurred below. Overhead is applied at the rate of 43% of direct materials cost. The company has no beginning Work in Process or Finished Goods inventories. Jobs 1 and 3 are not finished by the end of the month, and Job 2 is nished but not sold by monthend. Job 1 Job 2 Job 3 Direct materials used $ ?,B60 $ 9,860 $ 3,560 Direct labor used 5 11,866 5 5,260 $ 4,260 1. Prepare job cost sheets that have direct materials, direct labor, and overhead applied for each offhe three-jobs for the month. 2. Determine the total dollar amount of Work in Process inventory at the end ofthe month. 3. Determine the total dollar amount of Finished Goods Inventory at the end of the month. Complete this question by entering your answers in the labs below. Required 1 Required 2 Required 3 Determine the total dollar amount of Finished Goods Inventoryl at the end of the month. ( Required 2 03 15-19 (Algal Computing and recording over- or underopplied overhead LO P4 A company's Factory Overhead account shows total debits of $650,000 and total credits of $683,200 at the end of the year. 1. Compute the under or overappEied overhead. 2. Prepare thejournal entry to close the balance in the Factory Overhead accountto Cost of Goods Sold. Complete this question by entering your answers in the labs below. Required 1 Required 2 Compute the under- or overapplied overhead. Total actual overhead cost Total applied overhead cost Required 2 ) U5 13-19 {Algal computing al'ICl recorulng OVEf- Of UI'ICIEI'EPPIIECI overhead LU P4 A company's Factory Overhead account shows total debits of $660,000 and total credits of $683,200 at the end of the yea r. 1. Compute the under or overapplied overhead. 2. Prepare thejournal entry to close the balance in the Factory Overhead account to Cost of Goods Sold. Complete this question by entering your answers in the labs below. Required 1 Required 2 Prepare the journal entry to close the balance in the Factory Overhead account to Cost of Goods Sold. View transaction list Journal entry worksheet n _> Record the entry to close the balance in the Factory Overhead account. Close underapplied overhead to COGS. Note: Enter debits before credits. December 31