4. 1 Custom Cabinetry has one job in process (Job 120) as of June 30, at that time, its job cost sheet reports direct materials of $8.000, direct tobor of $4,400, and applied overhead of $3,960. Custom Cabinetry applies overhead at the rate of 90% of direct labor cost. During July. Job 120 is sold on account) for $31,000, Job 121 is started and completed, and Job 122 is started and still in process at the end of the month. Custom Cabinetry incurs the following costs during July July Product costs Job2010.1106132 Total Direct trials $1,200 $7,000 $3,000 $11,100 Director 2.900 4,500 3,300 10,700 Overhead applied H 1. Prepare Journal entries for the following in July a. Direct materials used in production b. Direct labee used in production c. Overhead oppiled d. The sale of Job 120 e. Cost of goods sold for Job 120. 2. Compute the July 31 balances of the Work in Process Inventory and the Polished Goods Inventory accounts (Assome there are no jobs in Finished Goods Inventory as of June 30) Complete this question by entering your answers in the alies below. Bewed 2 Prepot Journal tries for the above transactions in July Views Homework Chapter 15 6 Seved 4 Prepare journal entries for the above transactions in July, View transaction is 1 po Journal entry worksheet 1 2 5 Record the entry to sign direct materials to job: Note Enterduts before credit Transaction General Journal Debit Credit Record entry Clementy View general Journal Be 4 Overhead applied 1 1. Prepare journal entries for the following in July 6. Direct materials used in production b. Direct labor used in production c. Overhead applied d. The sale of Job 120 e. Cost of goods sold for Job 120 2. Compute the July 31 balances of the Work In Process Inventory and the finished Goods inventory accounts. Assume there are no Jobs in Finished Goods inventory as of June 30) Complete this question by entering your answers in the tabs below. Required Required2 Compute the July 31 bulances of the Work in Process Inventory and the finished Goods Inventory general ledger counts (Assume there are no jobs in Finished Goods Inventory as of lune 302 Work in Process Finished Goods Job Direct materials Director Overhead TONICOS Required 1