Part 3B. Chung Corporation uses a job-order costing system. Five jobs were worked on during the current year. The predetermined overhead rate is 20% of direct labor costs. The following cost information is available (all materials and time ticket information apply to direct costs):

Part I - Complete job cost sheets for each job. (2 Points each)

Job Materials Requisitions	Time Tickets $32,000 $74,000 $50,000 $36,000 $68,000
101 $76,000
102 $64,000
103 $49,000
104 $34,000
105 $63,000

Part I - Complete job cost sheets for each job. (2 Points each

Job No. 101	Job No. 102	Job No. 103
Materials	Materials	Materials
Labor	Labor	Labor
Overhead	Overhead	Overhead
Total Cost	Total Cost	Total Cost
Status In Process	Status Sold	Status Finished

Job No. 104	Job No. 105
Materials	Materials
Labor	Labor
Overhead	Overhead
Total Cost	Total Cost
Status Sold	Status Finished

Part II - Identify the amounts of each of the following accounts at the end of the period (3 Points) a. Work in Process________ b. Finished Goods________

c. Cost of Goods Sold________