82% t47 Sun 4:11PM Veek 4 Homework Help Save& ExitSubmit Jensen Fences uses job order costing. Manufacturing overhead is charged to individual jobs through the use of a predetermined overhead rate based on direct labor costs. The following information appears in the company's Work in Process Inventory account for the month of June. ts Debits to account: Balance, June1 Direct labor Manufacturing overhead (applied to jobs as 1251 of direct labor cost)15,125 5,000 19,000 12,100 Total debits to account $ 51,225 Credits to account: 44,000 Balance, June 30 $ 7,225 Required a. Assuming that the direct labor charged to the jobs still n process at June 30 amounts to $1,600, compute the amount of manufacturing overhead and the amount of direct materials that have been charged to these jobs as of June 30 b. Prepare general journal entries to summarize: 1. The manufacturing costs (direct materials, direct labor, and overhead) charged to production during June 2. The transfer of production completed during June to the Finished Goods Inventory account. 3. The cash sale of 80 percent of the merchandise completed during June at a total sales price of $55,000. Show the related cost of goods sold in a separate journal entry. Prev 1 of 3 Next>