Job Costs, Ending Work in Process During March, Aragon Company worked on three jobs. Data relating to these three jobs follow: 242 Job 78 Job 79 Job 80 Units in each order 270 220 300 Units sold 220 Materials requisitioned $1,620 $1,100 $3,210 Direct labor hours 297 480 Direct labor cost $3,267 $4,114 $4,320 Overhead is assigned on the basis of direct labor hours at a rate of $7.00 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 per unit Job 79 per unit 2. Compute the ending balance in the work-in-process inventory account. Round your answer to the nearest cent. 3. Prepare the journal entries reflecting the completion of Jobs 78 and 79 and the sale of Job 79. The selling price is 130 percent of cost. Round your answers to the nearest cent. Completion of Jobs 78 & 79 Sale of Job 79 (cost) Sale of Job 79 (sale) On April 1, Sangvikar Company had the following balances in its inventory accounts: Materials Inventory $12,860 Work-in-Process Inventory 21,290 Finished Goods Inventory 8,600 Work-in-process inventory is made up of three jobs with the following costs: Job 114 Job 115 Job 116 Direct materials $2,413 $2,652 $4,645 Direct labor 1,880 1,560 4,280 Applied overhead 940 780 2,140 During April, Sangvikar experienced the transactions listed below. a. Materials purchased on account, $29,490. b. Materials requisitioned: Job 114, $16,840; Job 115, $12,100; and Job 116, $5,030. C. Job tickets were collected and summarized: Job 114, 140 hours at $12 per hour; Job 115, 200 hours at $15 per hour; and Job 116, 90 hours at $19 per hour. d. Overhead is applied on the basis of direct labor cost. e. Actual overhead was $4,555. f. Job 115 was completed and transferred to the finished goods warehouse. 9. Job 115 was shipped, and the customer was billed for 125 percent of the cost. Required: 1. Calculate the predetermined overhead rate based on direct labor cost. % of direct labor cost 2. Calculate the ending balance for each job as of April 30. When required, round your answers to the nearest dollar. Use your rounded answers in subsequent computations, if necessary. Ending Balance Job 114 Job 115 Job 116 3. Calculate the ending balance of Work in Process as of April 30. When required, round your answer to the nearest dollar. 4. Calculate the cost of goods sold for April. When required, round your answer to the nearest dollar. 5. Assuming that Sangvikar prices its jobs at cost plus 25 percent, calculate the price of the one job that was sold during April. When required, round your answer to the nearest dollar