Information for June: Completed Job 61 Started and completed Job 62 Started Job 63 $ Work-in-process inventory (excluding applied overhead): May 31: Job 61 Direct materials Labor (960 hours X $40) June 30: Job 63 Direct materials Labor (1040 hours X $40) 6969 8,000 38,400 $ $ 6,400 41,600 Percentage each job complete as to labor-hours 50% GA EA May 31 Direct materials inventories Finished goods inventories June 30 Direct materials inventories Finished goods inventories $ $ Actual overhead $ $ 80,000 Cost of goods sold (before adjustment for over- or underapplied overhead) Job 61 Materials $ 8,000 Labor ? Overhead ? Total $ 123,200 Job 62 Materials Labor Overhead Total ? ? ? ? Direct materials purchased in June Direct labor costs charged to jobs in June $ $ 18,400 128,000 CHELSEA HOUSEHOLD RENOVATIONS Use the T accounts provided to determine the information needed for the management report. Cash or Accounts Payable Actual direct material costs for June Wages Payable Actual direct labor costs for June Overhead Actual Applied Overhead costs for June Work-in-Process - Job 61 Direct Materials Direct Labor Manufacturing Overhead Totals, June 1 Labor added in June Overhead added in June Final Balance, June 30 Work-in-Process - Job 62 Materials added in June Labor added in June Overhead added in June Totals, June 30 Final Balance, June 30 Work-in-Process - Job 63 Materials added in June Labor added in June Overhead added in June Final Balance, June 30