Prepare Job-Order Cost Sheets, Predetermined Overhead Rate, Ending Balance of WIP, Finished Goods, and COGS At the beginning of March, Mendez Company had two jobs in process, Job 56 and Job 87, with the following accumulated cost information Job 86 Job 87 Direct materials $4,800 $1,600 Direct labor 1,200 3,000 Applied overhead 888 2,220 Balance, March 1 $6,888 $5,820 During March, two more jobs (88 and 89) were started. The following direct materials and direct labor costs were added to the four jobs during the month of Job 86 Job 87 Job 88 Job 89 Direct materials $3,000 $2,100 $1,500 $7.000 6,000 Direct labor 800 900 500 At the end of March, Jobs 86, 87, and 89 were completed. Only Job 87 was sold On March 1, the balance in Finished Goods was to Required: Reque 1. Calculate the overhead rate based on direct labor cost. 2. Prepare a brief job-order cost sheet for the four jobs. Show the balance as of Marchi as well as direct materias and direct laboraoded in March Adverted to the four jobs for the month of March and show the ending balances Mendez Company Jobs-Order Cost Sheets For the Month of March Job 36 Job 87 Job 38 Job 39 Beginning balance, March 1 Direct materials Direct labor Applied overhead Total, March 31 3. Calculate the ending balances of Work in Process and Finished Goods as of March 31 Work in Process Finished Goods 4. Calculate the cost of Goods Sold for March Previous Noo) Sul Amigo Grading Email