Check my work 10 Exercise 15-5 Manufacturing cost flows LO P1, P2, P3 7 points Custom Cabinetry has one job in process Job 120) as of June 30; at that time, its job cost sheet reports direct materials of $6.200, direct labor of $3,400, and applied overhead of $3,060. Custom Cabinetry applies overhead at the rate of 90% of direct labor cost. During July, Job 120 is sold on account) for $31.500, Job 121 is started and completed, and Job 122 is started and still in process at the end of the month. Custom Cabinetry incurs the following costs during July. July Product Coats Job 120 Job 121 Job 122 Total Direct materiala $1,300 $8,200 $3,600 $13,100 Direct labor 4,200 2,500 10,100 Overhead applied 2 2 Boch Hint Print 1. Prepare journal entries for the following in July a. Direct materials used in production b. Direct labor used in production c. Overhead applied d. The sale of Job 120 e. Cost of goods sold for Job 120. 2. Compute the July 31 balances of the Work in Process Inventory and the Finished Goods Inventory accounts. (Assume there are no jobs in Finished Goods Inventory as of June 30) References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries for the above transactions in July, View transaction lit View journal entry worksheet NA Trans De 118 Next Ch 15 Homework Sad Help Save & Exit Submit Check my work 10 pre CSU UVERISEADY Credit 7 pot View transaction list View journal entry worksheet NO Transaction General Journal 1 a Work in process inventory Raw materials wertory Debit 13.100 13.100 2 b. 10.100 ook Work in process inventory Factory wages payable 10,100 3 0.000 Work in process inventory Factory overhead 9.000 4 d. 31500 Accounts receivable Sales 31 500 5 Cost of goods sold Fished goods inventory Required 2 > Check my work 10 a. Direct materials used in production b. Direct labor used in production c. Overhead applied d. The sale of Job 120 e. Cost of goods sold for Job 120 2. Compute the July 31 balances of the Work in Process inventory and the finished Goods Inventory accounts. (Assume there are no jobs in Finished Goods Inventory as of June 30) 7 points Complete this question by entering your answers in the tabs below. 00 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 Director Overhead Total cost 3 OS Check my work 10 Exercise 15-5 Manufacturing cost flows LO P1, P2, P3 7 points Custom Cabinetry has one job in process Job 120) as of June 30; at that time, its job cost sheet reports direct materials of $6.200, direct labor of $3,400, and applied overhead of $3,060. Custom Cabinetry applies overhead at the rate of 90% of direct labor cost. During July, Job 120 is sold on account) for $31.500, Job 121 is started and completed, and Job 122 is started and still in process at the end of the month. Custom Cabinetry incurs the following costs during July. July Product Coats Job 120 Job 121 Job 122 Total Direct materiala $1,300 $8,200 $3,600 $13,100 Direct labor 4,200 2,500 10,100 Overhead applied 2 2 Boch Hint Print 1. Prepare journal entries for the following in July a. Direct materials used in production b. Direct labor used in production c. Overhead applied d. The sale of Job 120 e. Cost of goods sold for Job 120. 2. Compute the July 31 balances of the Work in Process Inventory and the Finished Goods Inventory accounts. (Assume there are no jobs in Finished Goods Inventory as of June 30) References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries for the above transactions in July, View transaction lit View journal entry worksheet NA Trans De 118 Next Ch 15 Homework Sad Help Save & Exit Submit Check my work 10 pre CSU UVERISEADY Credit 7 pot View transaction list View journal entry worksheet NO Transaction General Journal 1 a Work in process inventory Raw materials wertory Debit 13.100 13.100 2 b. 10.100 ook Work in process inventory Factory wages payable 10,100 3 0.000 Work in process inventory Factory overhead 9.000 4 d. 31500 Accounts receivable Sales 31 500 5 Cost of goods sold Fished goods inventory Required 2 > Check my work 10 a. Direct materials used in production b. Direct labor used in production c. Overhead applied d. The sale of Job 120 e. Cost of goods sold for Job 120 2. Compute the July 31 balances of the Work in Process inventory and the finished Goods Inventory accounts. (Assume there are no jobs in Finished Goods Inventory as of June 30) 7 points Complete this question by entering your answers in the tabs below. 00 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 Director Overhead Total cost 3 OS