ecomplete Data: Job Costing olod Renovations (CHR) is a rapidly growing company that has not beern Chesele despite aHue increases in sales. It has hired you as a consultant to find ways to improve (LO 7-2,3,4) . You believe that the problem results from poor cost control and inaccurate cost on jobs. The company has essentially no accounting system from which to collect You are a Production (D Completed Job 61. (2) Started and completed Job 62 (3) Started Job 63. Inventory values in-process inventory (excluding applied overhead) May 31: Job 61 Direct materials $ 8,000 June 30: Job 63 ...$6,400 . Each job in work-in-process inventory was exactly 50 percent completed as to labor- hours; however, all direct materials necessary to do the entire job were charged to each job as soon as it was started. or June 30. Actual overhead was $80,000. .There were no direct materials inventories or finished goods inventories at either May 31 Cost of goods sold (before adjustment for over- or underapplied overhead) Job 61 Materials. . Labor Overhead . . . Total. $123,200 Job 62 Materials.. . Labor Overhead.. Total