3. calculate the ending balances of work in process and finished goods as of June 30.

A. WIP:

B, FG:

4. calculate cost of goods sold for June.

4.5 At the beginning of June, Galway Company had two jobs in process, Job 78 and Job 79, with the following accumulated cost information: Job 79 Direct materials Direct labor Applied overhead Balance, June 1 Job 78 $1,000 600 750 $2,350 $ 800 1,000 1.250 $3,050 During June, two more jobs (80 and 81) were started. The following direct materials and direct labor costs were added to the four jobs during the month of June: Job 78 $500 400 Job 79 $1,110 Direct materials Direct labor Job 80 $ 900 2,000 Job 81 $100 1,400 320 At the end of June, Jobs 78, 79, and 80 were completed. Only Job 79 was sold. On June 1, the balance in Finished Goods was zero. 1. Calculate the overhead rate based on direct labor hours (using the applied overhead info from one of the jobs in progress). 2. Prepare a brief job-order cost sheet for the four jobs. Show the balance as of June 1 as well as direct materials and direct labor added in June. Apply overhead to the four jobs for the month of June and show the ending balances. Job 78 Job 79 Job 80 Job 81 Beg. Bal 6/1 DM DL Applied OH Total 6/30