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Dallas Corporation assigns manufacturing overhead at a rate of 60% of direct material cost and during July they paid $29,000 in actual overhead cost. On
Dallas Corporation assigns manufacturing overhead at a rate of 60% of direct material cost and during July they paid $29,000 in actual overhead cost. On July 31 , they have the following Job Costs Sheets: Clearly label and show calculations for full credit! No calculations = No credit. 1) Complete the above table by: a) Calculating the amount of manufacturing overhead assigned to each job at the end of July. b) Calculating the total job cost for each job. 2) What is the balance of work-in-process inventory at the end of July? 3) What is the balance of finished goods inventory at the end of July? 4) What is the cost of goods sold? 5) Was the overhead over-or under-applied? 6) What is the amount of the over-or under-applied overhead
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