Job 68 Job 70 Job 71 Job 72 Job 73 Job 74 Job 75 Work in Process Finished Goods Cost of Goods Sold Beginning Balance $9,300 $3,200 $1,400 $700 Beginning Balance 5,300 9,300 9,300 9,300 Direct Materials Direct Materials 6,400 5,380 5,380 5,380 $500 1,400 $1,200 2,800 $350 800 $1,700 3,000 $2,500 4,900 $150 300 Direct Labor Direct Labor 13,200 5,960 5,960 5,960 Overhead Rate 0.2 Applied Overhead 2,640 5,300 8,380 8,380 Markup on Cost 0.3 5,380 8,380 Job 68 Job 70 Job 71 Job 72 J ob 73 Job 74 Job 75 Sum 5,960 Beginning Balance $9,300 $3,200 $1,400 $700 0 0 0 $5,300 5,300 Direct Materials 500 1,200 350 1,700 2,500 150 6,400 Direct Labor 1,400 2,800 800 3,000 4,900 300 13,200 8,380 Applied Overhead 280 560 160 600 980 60 2,640 Bal., July 31 27,540 25,020 34,320 29,020 29,020 $2,010 $5,300 $8,380 $510 Ending Balance 2,520 5,300 Total, July 31 Completed/Sold? $9,300 s $5,380 cas $5,960 cas C&s Sales Markup 0.3 Sales Revenue $37,726 If direct labor added to Job 73 equaled $2,400, the ending balances of each of the following accounts would be affected in what way? Work in Process Finished Goods Cost of Goods Sold Sales Revenue If the overhead rate based on direct labor was 40%, the ending balances of each of the following accounts would be affected in what way? Work in Process Finished Goods Cost of Goods Sold Sales Revenue