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1) As of the end of June, the job cost sheets at Flight Trailers, Inc., show the following total costs accumulated on three custom jobs.

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1) As of the end of June, the job cost sheets at Flight Trailers, Inc., show the following total costs accumulated on three custom jobs. Job 202 Job 203 Job 204 Direct materials $ 25,000 $ 59,000 $ 56,000 Direct labor 14,000 26,700 40,000 Overhead 7,000 13,350 20,000 Job 202 was started in production in May and the following costs were assigned to it in May: Direct materials, $13,000; direct labor, $3,600; and overhead, $1,800. Jobs 203 and 204 are started in June. Overhead cost is applied with a predetermined rate based on direct labor cost. Jobs 202 and 203 are finished in June, and Job 204 is expected to be finished in July. No raw materials are used indirectly in June. Using this information, answer the following questions. (Assume this company's predetermined overhead rate did not change across these months.) 1) What is the cost of the raw materials requisitioned in June for each of the three jobs? 2) How much direct labor cost is incurred during June for each of the three jobs? 3) What predetermined overhead rate is used during June? 4) How much total cost is transferred to finished goods during June? 5) Write the journal entry to transfer the costs to finished goods

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