Job Costs, Ending Work in Process During March, Aragon Company worked on three jobs. Data relating to these three jobs follow: Job 78 Job 79 Job 80 Units in each order 260 220 Units sold 100 Materials reque 11,768 $2.596 Direct labor hours 286 410 Direct labor cost $4.004 $2,772 $3.762 Overhead is assigned on the basis of direct labor hours at a rate of $9.20 per direct labor hour. During March, Jobs 78 and 79 were completed and transferred to Finished Goods Inventory. Job 79 was sold by the end of the month. Job 80 was the only unfinished job at the end of the month. Required: 1. Calculate the per-unit cost of Jobs 78 and 79. Round your answers to the nearest cent. Job 78 2. Compute the ending balance in the work-in-process inventory account. Round your answer to the nearest cent. Feedback 1. When a job is finished, manufacturing cost is computed by totaling direct materials, direct labor, and overhead on each job. If there are multiple units, the grand total can be divided by the number of units to determine per-unit cost. 2. The balance in Work in Process can be computed by summing the costs of all incomplete jobs. 3. Prepare the journal entries reflecting the completion of Jobs 78 and 79 and the sale of Job 79. The selling price is 110 percent of cost. Round your answers to the nearest cent. Completion of the Job Costs, Ending Work in Process During March, Aragon Company worked on three jobs. Data relating to these three jobs follow: Units in each order Units sold Direct labor hours Direct labor cost Job 78 260 Job 79 Job 80 220 206 198 $4.004 $2,772 $3,762 Overhead is assigned on the basis of direct labor hours at a rate of $9.20 per direct labor hour. During March, Jobs 78 and 79 were completed and transferred to Finished Goods Inventory. Job 79 was sold by the end of the month. Job 80 was the only unfinished job at the end of the month. Required: 1. Calculate the per-unit cost of Jobs 78 and 79. Round your answers to the nearest cent. Job 78 30079 2. Compute the ending balance in the work-in-process inventory account. Round your answer to the nearest cent. Feedback 1. When a job is finished, manufacturing cost is computed by totaling direct materials, direct labor, and overhead on each job. If there are multiple units, the grand total can be divided by the number of units to determine per-unit cost. 2. The balance in Work in Process can be computed by summing the costs of all incomplete jobs. 3. Prepare the journal entries reflecting the completion of Jobs 78 and 79 and the sale of Job 79. The selling price is 110 percent of cost. Round your answers to the nearest cent. Completion of Job 78 79 Einished Goods