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: Balance, July 1 Direct materials Direct labor Machine hours Job 86 Job 87 Job 88 $21,270 $6,260 50 $10,520 $12,390 $16,060 $15,950 $12,110 $24,020 490 290 990 Overhead is applied to jobs at the rate of $15 per machine hour. By July 31, Jobs 06 and 58 were completed. Jobs 82 and 86 were sold. Job 87 remained in process. On July 1, the balance in Finished Goods was $49,100 (consisting of Job 82 for $25,650 and Job 84 for $23,450). Prull prices its jobs at cost plus 30%. During July, variable marketing expenses were 4% of sales, and fixed marketing expenses were $2,030; administrative expenses were $4,010. (Round all amounts to the nearest dollar) Required: 1. Prepare job-order cost sheets for all jobs in process during July, showing all costs through July 31. All amount cells must have an entry; enter zeros as needed. Prull Company Job-Order Cost Sheets For the Month of July Balance, July 1 Direct materials Direct labor Job 86 Job 87 Job 88 21.270 6,260 10,520 12.390 16,060 15.950 12.110 26020 1. Prepare job-order cost sheets for all jobs in process during July, showing all costs through July 31. All amount cells must have an entry; enter zeros as needed. Prull Company Job-Order Cost Sheets For the Month of July Job 86 Job 87 Job 88 Balance, July 1 21,270 6,260 0 Direct materials 10,520 12,390 16,060 Direct labor 15,950 12,110 24,020 Applied overhead 7,350 4,350 14,050 Total 55,000 35,110 54.930 2. Calculate the balance in Work in Process on July 31. The balance in Work in Process on July 31 is $ 35,110 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 s 5. Calculate operating income for Prull Company for the month of July. The operating income for the month of July is