Job-Order Cost Sheets, Balance in Work in Process and Finished Goods Prull Company, a job-order costing firm, worked on three jobs in July. Data are as follows: Overhead is applied to jobs at the rate of $17 per machine hour. By July 31 , Jobs 86 and 88 were completed. Jobs 82 and 86 were sold. Job 87 remained in process. On July 1 , the balance in Finished Goods was $49,020 (consisting of Job 82 for $25,600 and Job 84 for $23,420 ). Prull prices its jobs at cost plus 30%. During July, variable marketing expenses were 5% of sales, and fixed marketing expenses were $2,040; administrative expenses were $4,800. (Round all amounts to the nearest dollar.) 2. Calculate the balance in Work in Process on July 31. The balance in Work in Process on July 31 is \$ 3. Calculate the balance in Finished Goods on July 31. The balance in Finished Goods on July 31 is $ 4. Calculate Cost of Goods Sold for July. The cost of goods sold for July is $ 5. Calculate operating income for Prull Company for the month of July. The operating income for the month of July is $