managerial accounting all i was given

Instructions Lowder Inc. builds custom conveyor systems for warehouses and distribution centers. During the month of July, the following occurred: Jul. 1 Purchased materials on account for $42,630. Requisitioned materials totaling $27,000 for use in production: $12,500 for Job 703 and the remainder 2 for Job 704 28 28 28 Recorded direct labor payroll for the month of $26,320 with an average wage of S14 per hour. Job 703 required 780 direct labor hours; Job 704 required 1,100 direct labor hours. Incurred and paid actual overhead of $19,950. Charged overhead to production at the rate of $10 per direct labor hour Completed Job 703 and transferred it to Finished Goods Kopt Job 704, which was started during July, in process at the end of the month. Sold Job 700, which had been completed in May, on account for cost plus 30% 30 31 31 Beginning balances as of July 1 were: $6,070 Raw Materials Work in Process for Job 703) Finished Goods (for Job 700) 10,000 6,240 Required: 1. Prepare the lournal entries for July 1 throuah 28 Required: 1. Prepare the journal entries for July 1 through 28. 2. Prepare simple job-order cost sheets for Jobs 703 and 704 3. Prepare the journal entries for events on July 30 and 31. 4. Calculate the ending balances of the following: (a) Raw Materials, (b) Work in Process, and (c) Finished Goods. Chart of Accounts General Ledger ASSETS REVENUE 410 Sales 110 Cash 120 Accounts Receivable EXPENSES 131 Supplies 510 Cost of Goods Sold 132 Prepaid Insurance 520 Insurance Expense 141 Raw Materials Be 142 Work In Process 530 Wages Expense 143 Overhead Control 540 Supplies Expense 550 Utilities Expense 144. Finished Goods 560 Depreciation Expense 170 Land 590 Miscellaneous Expense 180 Building 181 Accumulated Depreciation LIABILITIES 210 Accounts Payable 220 Wages Payable 230 Utilities Payable EQUITY 310 Common Stock 320 Retained Earnings Refer to the list below for the exact wording of text items within your job-order cost sheets. Amount Descriptions Beginning balance Direct labor Direct materials Overhead applied Total Jual 1. Prepare the foumal entries for July 1 through 28 on page 10. Refer to the Chart of Accounts for the exact wording of account titles. PAGE 10 GENERAL JOURNAL DATE ACCOUNT POST. REF. DEBIT CREDIT 1 2 3 5 7 10 2. Prepare simple job-order cost sheets for Jobs 703 and 704. Refer to the list of Amount Descriptions for the exact wording of toxt items within your job-order cost sheets. All amount coils must have an entry: enter zoros as nodod. (Note: Don't forget to complete the journal entrios in Mequirement 3 afterwards:) Job-Order Cost Sheets 1 Job 703 Job 704 ? Beginning balance 4. Calculate the ending balances of the following: (a) Raw Materials $ (b) Work in Process $ (c) Finished Goods $