Predetermined Overhead Rate, Application of Ovrhad to Jobs, Job Cost, Unit Cost On August 1, Cairle Company's work-in-process inventory consisted of three jobs with the following costs: Job 72 $850 900 630 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 ob 70 $1,700 1,900 1,330 Job 71 $2,000 1,300 910 Direct materials Direct labor Applied overhead Direct materials Direct labor Before the end of August, Jobs 70, 72, 73, and 75 were completed. On August 31, Jobs 72 and 75 were sold Cairle's selling and administrative expenses for August were $1,300. Assume that Cairle prices its jobs at cost plus 30 percent. Required Prepare an income statement for Cairle Company for August. $800 $1,235 $3,600 $5,000 $300 $560 $80 1,000 1,400 2,200 1,800 600 900 170 Cairle Company Income Statement For the Month of August Sales Cost of goods sold Gross margin Selling and administrative expenses Operating income