EXERCISE 5-6 Russo Corporation had only one job in process during June-Job G431-and had no finished goods inventory on July 1st. Job G431 was started in May and finished during June. Data concerning that job appear below: Job G431 $8,000 Beginning balance ...... Charged to the job during June: Direct materials ............ Direct labor ..................... Manufacturing overhead applied Units completed ........ Units in process at the end of June... Units sold during June .. $12,000 $5,000 $8,000 200 80 In June, overhead was underapplied by $600. The company adjusts its cost of goods sold every month for the amount of the overhead that was underapplied or overapplied. 1. Using the direct method, what is the cost of goods sold for June? 2. What is the total value of the finished goods inventory at the end of June? 3. What is the total value of the work in process inventory at the end of June