1. Prepare Job-Order Cost Sheets, Predetermined Overhead Rate, Ending Balance of WIP, Finished Goods, and COGS

   At the beginning of June, Rhone Company had two jobs in process, Job 44 and Job 45, with the following accumulated cost information:

   	Job 44	Job 45
   Direct materials	$5,000	$1,650
   Direct labor	1,700	3,300
   Applied overhead	1,020	1,980
   Balance, June 1	$7,720	$6,930

   During June, two more jobs (46 and 47) were started. The following direct materials and direct labor costs were added to the four jobs during the month of June:

   	Job 44	Job 45	Job 46	Job 47
   Direct materials	$2,450	$7,200	$1,650	$1,650
   Direct labor	760	6,400	1,000	500

   At the end of June, Jobs 44, 45, and 47 were completed. Only Job 45 was sold. On June 1, the balance in Finished Goods was zero.

   Required:

   1. Calculate the overhead rate based on direct labor cost. The overhead rate based on direct labor cost is fill in the blank 63e631086f9a025_1 %.

   2. Prepare a brief job-order cost sheet for the four jobs. Show the balance as of June 1 as well as direct materials and direct labor added in June. Apply overhead to the four jobs for the month of June, and show the ending balances. All amount cells must have an entry; enter zeros as needed.

   Rhone Company
   Job-Order Cost Sheets
   For the Month of June
   	Job 44	Job 45	Job 46	Job 47
   Beginning balance, June 1	$fill in the blank d52cabf9802dfa8_1	$fill in the blank d52cabf9802dfa8_2	$fill in the blank d52cabf9802dfa8_3	$fill in the blank d52cabf9802dfa8_4
   Direct materials	fill in the blank d52cabf9802dfa8_5	fill in the blank d52cabf9802dfa8_6	fill in the blank d52cabf9802dfa8_7	fill in the blank d52cabf9802dfa8_8
   Direct labor	fill in the blank d52cabf9802dfa8_9	fill in the blank d52cabf9802dfa8_10	fill in the blank d52cabf9802dfa8_11	fill in the blank d52cabf9802dfa8_12
   Applied overhead	fill in the blank d52cabf9802dfa8_13	fill in the blank d52cabf9802dfa8_14	fill in the blank d52cabf9802dfa8_15	fill in the blank d52cabf9802dfa8_16
   Total, June 30	$fill in the blank d52cabf9802dfa8_17	$fill in the blank d52cabf9802dfa8_18	$fill in the blank d52cabf9802dfa8_19	$fill in the blank d52cabf9802dfa8_20

   3. Calculate the ending balances of Work in Process and Finished Goods as of June 30.

   Work in Process:	$fill in the blank 8490e9069fa2074_1
   Finished Goods:	$fill in the blank 8490e9069fa2074_2

   4. Calculate the Cost of Goods Sold for June.

   Cost of Goods Sold:

   $fill in the blank 8490e9069fa2074_3