Gorman Company builds internal conveyor equipment to client specifications. On October 1, Job 877 was in process with a cost of $18,580 to date.

During October, Jobs 878, 879, and 880 were started. Data on costs added during October for all jobs are as follows:

	Job 877	Job 878	Job 879	Job 880
Direct materials	$14,480	$6,010	$3,560	$1,710
Direct labor	13,800	8,600	1,700	1,800

Overhead is applied to production at the rate of 85% of direct labor cost. Job 877 was completed on October 28, and the client was billed at cost plus 50%. All other jobs remained in process.

Required:

1. Prepare a brief job-order cost sheet showing the October 1 balances of all four jobs, plus the direct materials and direct labor costs during October. There is no need to calculate applied overhead at this point or to total the costs. All amount cells must have an entry; enter zeros as needed.

Gorman Company
Job-Order Cost Sheets
For the Month of October
	Job 877	Job 878	Job 879	Job 880
Beginning balance	$	$	$	$
Direct materials
Direct labor

2. Calculate the overhead applied to each job during October.

The overhead applied to Job 877 is $.

The overhead applied to Job 878 is $.

The overhead applied to Job 879 is $.

The overhead applied to Job 880 is $.

3. Calculate the balance in Work in Process on October 31.

The balance in Work in Process for Job 878 is $.

The balance in Work in Process for Job 879 is $.

The balance in Work in Process for Job 880 is $.

The total balance in Work in Process is $.

4. What is the price of Job 877? The price of Job 877 is $.