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 Job 78 300 Job 79 Job 80 190 200 Units sold Materials requisitioned $1,920 190 $1,026 Direct labor hours 330 $4,620 209 $3,344 $3,240 476 $4,094 Direct labor cost Overhead is assigned on the basis of direct labor hours at a rate of $7.40 per direct labor hour. During March, Jobs 70 and 79 were completed and transferred to Finished Goods Inventory Jeb 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 76 and 79. Round your answers to the nearest cent Job 78 29.2 X per unit Job 79 30.4 X per unit 2. Compute the ending balance in the work-in-process inventory account. Round your answer to the nearest cent 9,414 X Feedback Check My Work 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 tits to determine per-unit cost 2. The balance in Work in Process can be computed by summing the costs of all incomplete jobs Next 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 29 and the sale of Job 79. The selling price is 140 percent of cost. Round your answers to the nearest cent Completion of Jobs 78 79 Enished Goods Work in Process Sale of Finished Goods x Job 79 (cost) Work in Process Sale of Job 79 (sale) Cost of Goods Spid Finished Goods Check My Work 3. The costs of a completed job are transferred from the work-in-process inventory account to the finished goods inventory account, when a job is shipped to a customes the cost of the finished becomes the cost of the goods sold. There will be two journal entries to show that the job was sold and billed to customer Check My Work Partly comed Next