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 $5,300 $1,400 Direct labor 1,400 3,300 Applied overhead 1,050 2,475 Balance, June 1 $7,750 $7,175 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 materiais $2,300 $7,060 $1,900 $1,650 Direct labor 760 6,340 1,000 560 At the end of June, Jobs 44, 45, and 47 were completed. Only Job 45 was sold. On June 1, the balance in Finished Goods was zero. Required: 1. Calculate the overhead rate based on direct labor cost. The overhead rate based on direct labor cost is % the end of June, 300$ 44, 45, and 47 were cometed. Only as sold. On ne 1, the brance in Finished Goods *** Ber! Required: 1. Cate the overhead teed on drect labor cost The overhead rate based on direct bor cost 2. Prepare a brief onder coat wheet for the four ye show the balance as oft wel dret materkantored in a water for at for the month of June, now the ending balances. Al mount cel must enterede Nhone Company Job-Order Cost Sheet For the Month of June Job 44 Job 45 Jo 46 Job 47 Beginning Duel Diret materials Director Appled me Total, June 30 1. Cate the ending balances of Work in Process and Finished Goods as of June 30, Work in Process Fished Goods 4. Calculate the cost of Goods Sold for June Cost of Goods Sold Previous Next