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Job Costs Using a Plantwide Overhead Rate Naran Company designs industrial prototypes or outside companies. Budgeted overhead or the year was $237 500 and budgeted

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Job Costs Using a Plantwide Overhead Rate Naran Company designs industrial prototypes or outside companies. Budgeted overhead or the year was $237 500 and budgeted direct labor hours obs, Data relating to these four jobs follow: ere 19,0 . The average wage ate or rect aboris expected to e S25 per hour. D r ng ne o n o com am Mon ed on four Beginning bslance Materials requisitioned Direct labor cost Job 39 Job 40 Job 41 Jab 47 24,800 33,800 $17,800 $500 20,900 21,000 11,600 22,000 12,000 1,100 ,250 2,900 verhead s 85s gned as percentage o direct labor cost. During June, Jobs 39nd 40 were completed; Job 39 was sold 5 125 percent of cost. Naranjo had onginally developed Job 40 to order or customer; however, that customer was near bankruptcy being paid was growing dimmer. Nararjo decided to hold Job 40 in inventory while the oustomer worked out its financial difficulties. Job 40 is the only job in Finished Goods tnventory.)Jobs 41 and 42 remain unfinished at the end of the month. Required: 1. Calculate the balance in Work in Process as of June 30 d he ance o Naranjo 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. Round your answer to the nearest cent

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