Job 86 Job 87 Job 88 Balance, July 1. $21,250 $6,240 $0 Direct materials $10,480 $12,360 $16,210 Direct labor $16,060 $12,160 $23,960 Machine hours 480 320 990 Overhead is applied to jobs at the rate of $15 per machine hour. By July 31, Jobs 86 and 88 were completed. Jobs 82 and 86 were sold. Job 87 remained in process. On July 1, the balance in Finished Goods was $48,930 (consisting of Job 82 for $25,580 and Job 84 for $23,350). Prull prices its jobs at cost plus 30%. During July, variable marketing expenses were 5% of sales, and fixed marketing expenses were $1,990; administrative expenses were $4,810. (Round all amounts to the nearest dollar.) Required: Download Excel spreadsheet 1. Prepare job-order cost sheets for all jobs in process during July, showing all costs through July 31. All amount cells must have an entry; enter zeros as needed. Prull Company Job-Order Cost Sheets For the Month of July Line Item Description Job 86 Job 87 Job 88 Balance, July 1 21,250 6,240 0 Direct materials 10,480 12,360 16,210 Direct labor 16,060 12,160 23,960 Applied overhead 7,200 4,800 14,850 Total Foodbank Applied overhead. 7,200 4,800 14,850 Total Feedback Check My Work Use the information provided and the overhead rate to fill in the Job Order Cost Sheets. Review the "How to Prepare Brief Job-Order Cost Sheets" example in the text. 2. Calculate the balance in Work in Process on July 31. The balance in Work in Process on July 31 is $ 3. Calculate the balance in Finished Goods on July 31. The balance in Finished Goods on July 31 is $ 4. Calculate Cost of Goods Sold for July. The cost of goods sold for July is $ 5. Calculate operating income for Prull Company for the month of July. The operating income for the month of July is $ Feedback Check My Work Use the Job Order Cost Sheets to determine ending balancer in Win and