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Exercise 15-17 Manufacturing cost flows LO P1, P2, P3 Custom Cabinetry has one job jn process (Job 120) as of June 30, at that time, its job cost sheet reports direct materials of $6,000, direct labor of $2,800, applies overhead at the rate of 80% of direct labor cost. During July, Job 120 s sold (on account) for $22,000, 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 and applied overhead of $2,240. Custom Cabinetry Direct materials Direct labor July Product Costs Job 120 Job 121 Job 122 Total $1,000 S6,000 $2,500 $9,500 2,200 3,700 2,100 8,000 1.Prepare journal entries for the following in July a. 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 View transaction tist Journal entry worksheet