7-57 (Algo) Job Costs in a Service Company (LO 7-4) On September 1, two jobs were in process at Pete's Patios Details of the jobs follow Job Number PP-24 PP-301 Direct Materials $948 730 Direct Labor $434 1,620 Materials Inventory on September 1 totaled $5,530, and $710 worth of materials was purchased during the month. Indirect materials of $98 were withdrawn from materials Inventory. On September 1, finished goods Inventory consisted of two jobs, PP-12, costing $2,348, and PP-14, with a cost of $956. Costs for both jobs were transferred to Cost of Services Billed during the month. Also during September, Jobs PP-24 and PP-30 were completed. Completing Job PP-24 required an additional $1,300 in direct labor The completion costs for Job PP-30 Included $634 in direct materials and $4,200 in direct labor Pete's Patios used a total of $1,882 of direct materials (excluding the $98 Indirect materials) during the period, and total direct labor costs during the month amounted to $8.230. Overhead has been estimated at 50 percent of direct labor costs, and this relation has been the same for the past few years Required: Compute the costs to Jobs PP-24 and PP-30 and the balances in the September 30 Inventory accounts. Cost to complete PP-24 Cost to complete PP-30 Balance of Materials Inventory as of September 30 Balance of Work-in-Process as of September 30