Custom Cabinetry has one job in process Job 120) as of June 30, at that time, its job cost sheet reports direct materials of $7,200 direct labor of $3400, and applied overhead of $3,060 Custom Cabinetry applies overhead at the rate of 90% of deest labor cost During July, Job 120 is sold (on account for $25,000, 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 Costs Direct saterials Direct labor Overhead applied Job 120 Joh 121 Job >> Total $2,300 $8,400 52,00 $13,600 4. 3,400 10,600 1. Prepare journal entries for the following in July a. Direct materials used in production b. Direct laborused in production c. Overhead appled d. The sale of Job 120. o. 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) Complete this question by entering your answers in the tabs below. Requited 1 Required 2 Prepare Journal entries for the above transactions in My View transactions Journal entry worksheet 1 2 3 5 Record the entry to sign direct materials too sil

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