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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
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: Job 86 Job 87 Job 88 Balance, July 1 $21,380 $6,300 10 Direct materials $10,500 $12,200 $16,060 Direct labor $15,9301 $12.170 $24,090 Machine hours 400 320 1,020 < 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 $48,900 (consisting of Job 82 for $25,550 and Job 84 for $23,350). Prull prices its jobs at cost plus 30%. During July, vanable marketing expenses were 3% of sales, and fixed marketing expenses were $2,000; administrative expenses were $4,790. (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 hount 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
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