1. Ehrling Brothers Company makes jobs to customer order. During the month of July, the following occurred:

   1. Materials were purchased on account for $45,620.
   2. Materials totaling $40,880 were requisitioned for use in producing various jobs.
   3. Direct labor payroll for the month was $25,600 with an average wage of $16 per hour.
   4. Actual overhead of $8,850 was incurred and paid in cash.
   5. Manufacturing overhead is charged to production at the rate of $5.40 per direct labor hour.
   6. Completed jobs costing $60,000 were transferred to Finished Goods.
   7. Jobs costing $58,000 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	$1,300
   Work-in-Process Inventory	3,400
   Finished Goods Inventory	2,620

   Required:

   1. Prepare the journal entries for the preceding events.

   a.
   b.
   c.
   d.
   e.
   f.
   g (1).
   g (2).

   2. Calculate the ending balances of:

   a. Materials Inventory	$
   b. Work-in-Process Inventory	$
   c. Overhead Control	$
   d. Finished Goods Inventory	$