Povich 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:

JobDirect MaterialsDirect Labor101$ 66,000$ 32,000102$ 63,000$ 74,000103$ 39,000$ 50,000104$ 32,000$ 36,000105$ 53,000$ 68,000

Part 1Complete job cost sheets for each job.

Job Number 101Job Number 102Job Number 103Job Number 104Job Number 105Materials Materials Materials Materials Materials Labor Labor Labor Labor Labor Overhead Overhead Overhead Overhead Overhead Total Cost Total Cost Total Cost Total Cost Total Cost StatusIn ProcessStatusSoldStatusFinishedStatusSoldStatusFinished

Part 2Identify the amounts of each of the following accounts at the end of the period a. Work in Process b. Finished Goods c. Cost of Goods Sold