Admin Question 1 - Marchand Company (10 marks) The Marchand Company uses a job-order costing system for its custom outoor furni The following was the only production data recorded for July. Jury Ist WIP Added During July Job Number inventory Direct Materials Direct Labour 475 3.120 625 476 1.251 2.626 $ 2.814 477 2.501 2.089 3.439 478 1,876 $ 2.751 NOTE: If the data above is blank it means you haven't entered your student n Manufacturing overhead is charged to production at 70% of direct labour cost. Jobs 476 and 477 were completed, sold and invoiced to the customer during the mo Job 478 was finished during the month but not sold by month end. Job 475 was still not complete at the end of July. The company uses a perpertual inventory system. Required: Please answer the following 4 questions using the data above. I have left space afte If you need more space you can insert rows. Please do not use column A as I would 1 What is the Work-In-Process Inventory balance at the end of July? (2 marks) 2 How much manufacturing overhead was applied to all jobs during the month o 3 Actual overhead incurred in July was $ 7.222 What was the over/underapplied overhead? (2 marks)4 If no jobs were in Finished Goods Inventory at the beginning of July: a) what was cost of goods sold for the month of July? Marchand closes out i b) what is the balance in Finished Goods Inventory at the end of July? (1 mar