Help Save twit 22 Custom Cabinetry has one job in process (Job 120) as of June 30, at that time, its job cost shoot reports de materials of $7800, direct labor of $3.100, and applied overhead of $2.480. Custom Cabinetry applies overhead of the 80% of the labor cost During July, Job 120 is sold on account for $32.000, Job 121 is started and completed, and Job 132 is started and still in process the erid of the month Custom Cabinetry incurs the following costs during July 24 y Product Contoh 120 Joe 21 de 1 Direct material 52.700 $7.300 54,400 14.400 Direct Labor 3.100 3,900 8,000 11,000 Overhead applied 2 7 00:23:47 1. Prepare journal entries for the following in July a. Direct materials used in production b. Direct labor used in production c. Overhead applied. d. The sale of Job 120 e. Cost of goods sold for Job 120. 2. Compute the July 31 balances of the Work in Process Inventory and the Finished Goods inventory accounts. (Assume there are no jobs in Finished Goods Inventory as of June 30.) es de pru Complete this question by entoring your answers in the tabs below. Required 1 Required 2 Prepare journal entries for the above transactions in July. View transaction list Journal entry worksheet 22 of 22 Hid Next