Cost of a Manufactured Product-Job Costing System Ross Poldark is a contractor specializing in custom-built Jacuzzis. As of May 1, 2018, Poldark has incurred the following costs for each of the jobs listed below. Poldark uses the Job Order Cost system. ENYS CARNE TRURO DM $ 2,100 $ 1,850 $ 800 DI 1,900 1,600 660 FOH 1,520 1,280 528 TOTAL $ 5,520 $ 4,730 $ 1,988 During May, Poldark incurs the following costs below. Poldark begins one job during the month of May (George) and completes the other three during the course of the month (Enys, Carne, and Truro). Factory Overhead is charged to jobs on the basis of $.80 per dollar of direct labor hours. ENYS CARNE TRURO GEORGE DM $ 400 $ 590 $ 1,540 $ 1,100 DL 360 920 1,900 800 FOH TOTAL Determine the total cost of each of the completed jobs in the space below: ENYS CARNE TRURO DM DL FOH TOTAL What is the total amount left in the Work in Process account at the end of May? (Hint: use the job cost sheet for open job(s)) GEORGE DM DL FOH TOTAL Determine the amount of gross profit for each of the completed jobs, assuming they were sold for $11,000 each to the customer. Actual FOH costs are itemized below. Evaluate whether FOH is over or under applied. Discuss the impact this would have on total Gross Profit (and Net Income) for Poldark Company for the month of May. IM Actual FOH 380 1,541 1,543 3,464 Other Total: $ V.C