part C

QUESTION 21 The following account appears in the ledger after only part of the postings have been completed for July, the first month of the current fiscal year Work in Process July 1 Balance 60,200 Direct materials 147,000 Direct labor 120,000 Factory overhead is applied to jobs at the rate of 50 % of direct labor cost. The actual factory overhead incurred for July was $75,000. Jobs completed during the month totaled $301,200. (a) Prepare the journal entries to record (1) the application of factory overhead to production during July and (2) the jobs completed during July (b) What is the balance of the factory overhead account on July 31? (c) Detemine the balance of Work in Process on July 31. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). T TT Arial 3 (12pt) Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save a