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K Corporation started July with Job #2 having $6,440 in direct materials and direct labor and overhead invested so far AND Job #3 having $2,750
K Corporation started July with Job #2 having $6,440 in direct materials and direct labor and overhead invested so far AND Job #3 having $2,750 in direct materials and direct labor and overhead invested so far. During July, Job #2 did not need any additional materials. During July, Job #3 requisitioned additional materials costing $3,300. Job #4 was a new job started requisitioning materials of $14,190. Job #5 was a new job started requisitioning materials of $10,560. During July, Job #2 used 150 direct labor hours at a cost of $25 per hour, Job #3 used 950 direct labor hours at a cost of $25 per hour, Job #4 used 1,350 direct labor hours
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