eBook Calculator Journal Entries, T-Accounts Ehrling Brothers Company makes jobs to customer order. During the month of July, the following occurred: a. Materials were purchased on account for $45,670. b. Materials totaling $40,990 were requisitioned for use in producing various jobs c. Direct labor payroll for the month was $22.400 with an average wage of $14 per hour. d. Actual overhead of $9,020 was incurred and paid in cash. e. Manufacturing overhead is charged to production at the rate of $5.50 per direct labor hour. f. Completed jobs costing $58,000 were transferred to finished Goods 9. Jobs costing $59,000 were sold on account for $73,750. Make the entry to record the revenue from the sale first, followed by the entry to record the cost of the jobs. Beginning balances as of July 1 were: Materials Inventory $1,200 Work-in-Process Inventory 3,400 Finished Goods Inventory 2,630 Required: 1. Prepare the journal entries for the preceding events. Removing useless files is advis important: Fease click here to protect you Remove Scan Report Ready Lap to reveal Google Chrome farer ret Check My Work Close All work saved de ENG e 656 PM 9/20/2020 O Bi Rook Calculator d. || 3 0 1 0 9 (1) 9 (2) 2. Calculate the ending balances of: X a. Materials Inventory s b. Work-in-Process Inventory c. Overhead Control d. Finished Goods Inventory Check My Work Items All work saved 10%