As of June 30th. Howard Company has one job in process (Job A). On that date (June 30). Howard Company job cost sheet reports direct materials of 58.700, direct labor of $3.900, and applied overhead of $2.31. Howard applies overhead at the rate of 85% of direct labor cost. During the month of July, Job Als sold on account for $26.500. Job is started and completed, and Job Cis started and still in process at the end of the month. During July, Howard Incurs the following costs Buy Product costs Job Total Direct materials $1,700 57.600 $3,200 $12,500 Direct labor 10,700 Overhead pled 1. Prepare the journal entries for the following items in July o. Direct materials used in production b. Direct labor used in production c. Overhead applied d. The sale of Job A. e. Cost of goods sold for Job A. 2. Compute the July 31st balances of the WIP Inventory and the Finished Goods Inventory accounts. You are to assume that there are no jobs in Finished Goods Inventory as of June 30th Complete this question by entering your answers in the tabs below. Recured Requared2 Prepare journal entries for the above transactions in July View transactions Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the July 31 balances of the Work in Process Inventory and the Finished Goods Inventory general ledger accounts (Assume there are no jobs in Finished Goods Inventory as of June 30.) Work in Process Finished Goods Job # Direct materials Direct labor Overhead Total cost Record the entry to assign direct materials to job. Note: Enter debits before credits