Job Costs Using a Plantwide Overhead Rate Perrin Company designs industrial prototypes for outside companies, Budgeted overtiead for the year was $260,000, and budgeted direct labor hours were 20,000. The werage wage rate for direct laboris expected to be 320 per hour. During June, Perrin Coman worked on four jobs. Data relating to these four jobs follow Job 39 Job 40 Job 41 Job 42 Beginning balance $24.300 $34,100 $16,900 3700 Materials requisition and 20,700 20,300 9,900 12,200 Direct labor cost 11,800 17,900 4,550 3.100 Overhead is assigned as a percentage of direct labor cost. During June, Jobs 39 and 40 were completed, job was sold at 120 percent of cont, Job 40 is the only job in Finished Goods Inventory and will remain there until the customer accepts delivery and pay Joht 41 and 42 remain unted at the end of the montti Required: 1. Calculate the balance in Work in Process of June 20 2. Calculate the balance in Finished Goods as of June 302 3. Calculate the cost of goods sold for June 4. Colate the price charged for Job 39. Round your answer to two decimal places 5. What if the customer for 40 was able to pay for the job by une 307 what would happen to the balance in Finished Goodiez What would happen to the balance of cost of Goods solde Next