2. Calculpte the baiance in Work in Procests on duly. 31 The bolance in werk in Procests on July 31 is 1 3. Calculare the biance in finshed goods on July 31. The baiance in finahed Goods an July 31 is 1 4. Caiculate Cort of Coods fold for Zuly The cout of goods seid for zuly is 1 5. Calculate operating incame for Prus Campany for the month of July. The operating income for the meenth or July is ? Job-Order Cost Shects, Aalance in Work in Frocess and Finished Coobs Prull Cempany, a jobierder cautiag form, worked on three yobi in 3ely. Dyla we as follons: sev,010 (consintag of jeb s2 for 125,500 acd jib 114 foe 123,450). nearest dolios.) Required Prull Company, a job-order costing firm, worked on three jobs in July. Data are as follows: Overhead is applied to jobs at the rate of $16 per machine hour. By July 31, Jobs 86 and 88 were completed. Jobs 82 and 86 were sold. Job 87 remained in process, On July 1, the balance in Finished Goods was $49,010 (consisting of Job 82 for $25,560 and Job 84 for $23,450 ). Prull prices its jobs at cost plus 30%. During July, variable marketing expenses were 5% of sales, and fixed marketing expenses were $1,970; administrative expenses were $4,840. (Round all amounts to the nearest dollar.) Required; 1. Prepare job-order cost sheets for all jobs in process during July, showing all costs through July 31 . All amount cells must have an entry; enter zeros as neede 1. Prepare job-order cost sheets for all jobs in process during July, showing all costs through July 31 . All amount cells must have an entry; enter zeros as needed 2. Calculate the balance in Work in Process on July 31. The balance in Work in Process on 3 July 31 is $ 3. Calculate the balance in Finished Goods on July 31. The balance in Finished Goods on July 31 is 5 4. Calculate Cost of Goods Sold for July. The cost of goods sold for July is 5 5. Calculate operating income for Prull Company for the month of July. The operating income for the month of July is 5