apter 21 E2-11 (Algo) Calculating Cost of Jobs in Work in Process, Finished Goods, and Cost of Goods Sold [LO 2- Jenkins Company uses a job order cost system with overhead applied to jobs on the basis of direct labor hours. The direct labor rate is $20 per hour, and the predetermined overhead rate is $15 per direct labor hour. The company worked on three jobs during April Jobs A and B were in process at the beginning of April. Job A was completed and delivered to the customer. Job B was completed during April, but not sold. Job C was started during April, but not completed. The job cost sheets revealed the following costs for April Job Job $11.5 1.600 Jobs $1,200 7,200 7,200 Cost of Jobs in process. 4/1/2018 Direct Materials Used Direct Labor Applied Manufacturing Overhead 7.800 Required: If no other jobs were started, completed, or sold, determine the balance in each of the following accounts at the end of April a Work in Process Finished Goods Cost of Goods Sold