Nevada Corp assigns manufacturing overhead at a rate of 60% of direct material cost and during July they paid $55,000 in actual overhead cost. On July 31, Nevada has the following Job Costs Sheets: Job A B C D E IF Direct Materials $ 14,000 $ 16,000 $19,300 $ 19,000 $18,600 $2,500 Direct Labor $ 5,500 $ 6,400 $ 7,700 $ 8,000 $ 2,000 $ 1,000 Manufacturing OH Total Job Cost Job status as of July finished / 31st sold finished/ finished finished in in progress sold ot sold ot sold progress Required: Answer the following questions. Show your work and clearly label your final answers. No calculations = No credit. If you are solving the problem on paper, in Excel, etc., you have the option to upload your answer at the bottom of the exam rather than retype it into the box; saving time! DO NOT DO BOTH! 1) Complete the above table by: a) Calculating the amount of manufacturing overhead that should be assigned to each job at the end of July. b) Calculating the total job cost for each job. 2) What is the balance in Nevada's work-in-process account at the end of July? 3) What is the balance of Nevada's finished goods inventory at the end of July? 4) What is Nevada's cost of goods sold? 5) Was the overhead over- or under-applied? 6) What is the amount of the over- or under-applied overhead