b$.$ Requisitioned the following raw materials for production.

Requisition No$.223,$ for Job $450,80$ units of steel.

Requisition No$.224,$ for Job $450,60$ units of wood.

Requisition No$.225,$ for Job $451,40$ units of steel.

Requisition No$.226,$ for Job $451,30$ units of wood.

Requisition No$.227,$ for $12$ units of paint.

Instructions: Enter amounts for direct materials requisitions on the materials ledger cards and the job

cost sheets. Enter the indirect materials amount on the materials ledger card.

c$.$ Received the following employee time tickets for work in June.

Time tickets Nos. $1$ to $10$ for direct labor on Job $450,$ $$40,000.$

Time tickets Nos. $11$ to $20$ for direct labor on Job $451,$ $$32,000.$

Time tickets Nos. $21$ to $24$ for indirect labor, $$12,000.$

Instructions: Record direct labor from the time tickets on the job cost sheets.

d$.$ Finished Job $450.$ The company applies overhead to each job with a predetermined overhead rate equal to $70\%$

of direct labor cost.

Instructions: Enter the applied overhead on the cost sheet for Job $450,$ fill in the cost summary section of the

cost sheet, and then mark the cost sheet "Finished."

e$.$ Applied overhead cost to Job $451$ based on the job's direct labor used to date.

Instructions: Enter applied overhead on the job cost sheet for Job $451.$

Job $450$ was sold on credit for $$290,000.$ Compute gross profit for the month.

Determine the balances reported on the month$-$end balance sheet for Raw Materials Inventory and Work in

Process Inventory.