Job Casts Using a Plantwide Overhead thate: Ferrin Company designs industrial prototypes for outside companies. Budgeted overthead for the year was $200,000, and budgeted direct iaboe hours eern 16,000. The average wage rate for direct labor is expected to be $25 per hour. During June, Perrin Company worked on four fobs. Data relating ts these four jobs follow: Overhead is assigned as a percentage of direct labor cost. Durirg June, Jobs 39 and 40 were completed, Job 39 was soid at 115 perchet of ceat. Jeb 40 is the only jab in Finished Goods thventery and wal remain there until the customer acceots delivery and pays. Jobs at and 42 remain urtinishet at the the of the month. Requiredt 1. Calculate the balance in Work in Process as of June 30. 2. Calculate the balance in finished Goods as of June 30 . 3. Calculate the cost of goods soid for June. of the manth. Requireds 1. Calculate the balance in Wark in Processyas of June 30. 2. Calculate the balance in Finished Goods as of June 30. 3. Calculate the cost of goods sold for June. 4. Calculate the price charged for Job 39, Reund your answer to two decimal places. 5. What if the customer for Job 40 was able to pay for the job by June 30 ? What would happen to the balance intinished Geods? What would happen to the balance of Cost of Goods Sold