On August 1, Cairle Companys work-in-process inventory consisted of three jobs with the following costs:

	Job 70	Job 71	Job 72
Direct materials	$1,500	$2,000	$850
Direct labor	1,900	1,200	900
Applied overhead	1,520	960	720

During August, four more jobs were started. Information on costs added to the seven jobs during the month is as follows:

	Job 70	Job 71	Job 72	Job 73	Job 74	Job 75	Job 76
Direct materials	$800	$1,235	$3,500	$5,000	$300	$560	$80
Direct labor	1,000	1,400	2,200	1,800	600	900	170

Before the end of August, Jobs 70, 72, 73, and 75 were completed. On August 31, Jobs 72 and 75 were sold.

Required:

1. Calculate the predetermined overhead rate based on direct labor cost. _____ % of direct labor cost.

2. Calculate the ending balance for each job as of August 31.

	Ending Balance
Job 70
Job 71
Job 72
Job 73
Job 74
Job 75
Job 76

3. Calculate the ending balance of Work in Process as of August 31.

4. Calculate the cost of goods sold for August.

5. Assuming that Cairle prices its jobs at cost plus 10 percent, calculate Cairles sales revenue for August.