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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

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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 c During June, two more jobs ( 46 and 47 ) were started. The following direct materials and direct labor costs were added of June: At the end of June, Jobs 44,45 , and 47 were completed. Only Job 45 was sold. On June 1 , the balance in Finished Goo Required: 1. Calculate the plantwide overhead rate based on direct labor cost. The overhead rate based on direct labor cost is \$ %. The overhead rate based on direct labor cost is s 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 overtiead to the four jobs for the month of June, and show the ending balances. All amount cells must have an entryi enter zeros as needed. 3. Calculate the ending balances of Work in Process and Finished Goods as of June 30. 4. Calculate the Cost of Goods Sold for June

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