Haughton Company uses a job costing system for its production costs and a predetermined factory overhead rate based on direct labor costs to apply factory overhead to all jobs. During the month of July, the firm processed three jobs: X13, X14, and X15, of which X13 was started in June.

	July 1				July 31
Inventories
Direct Materials	$	36,500				?
Work-in-Process		41,000				?
Finished Goods		0				0
Cost of Goods Sold	$	?
Direct materials purchased in July		55,000
Materials issued to production:
X13		16,380
X14		24,220
X15		14,000
Factory labor hours used ($30/hour):
X13		3,500
X14		2,800
X15		1,600
Indirect labor		6,900
Other factory overhead costs incurred:
Rent	$	131,500
Utilities		180,600
Repairs and maintenance		188,500
Depreciation		131,100
Other		56,000

As of July 31, Job X13 was sold and Jobs X14 and X15 were still in process.

Total factory overhead applied in July was $900,600.

5. Prepare the Statement of Cost of Goods Manufactured for July.

6. Compute the amount of overapplied or underapplied overhead.

7. What is the cost per unit of Job X13 if it has a total of 100 units?

8. Prepare the Statement of Cost of Goods Sold for July.