Problem 7-57 (Algo) Job Costs in a Service Company (LO 7-4) 7 On September 1, two jobs were in process at Pete's Patios. Details of the jobs follow: Direct Labor 5.73/14.32 points awarded Job Number PP-24 PP-30 Direct Materials $1,040 615 $ 344 1,720 Scored Materials Inventory on September 1 totaled $5,450, and $718 worth of materials was purchased during the month. Indirect materials of $87 were withdrawn from materials inventory. On September 1, finished goods inventory consisted of two jobs, PP-12, costing $2,280, and PP-14, with a cost of $966. Costs for both jobs were transferred to Cost of Services Billed during the month. Also during September, Jobs PP-24 and PP-30 were completed. Completing Job PP-24 required an additional $1,430 in direct labor. The completion costs for Job PP-30 included $640 in direct materials and $3,900 in direct labor. Pete's Patios used a total of $1,840 of direct materials (excluding the $87 indirect materials) during the period, and total direct labor costs during the month amounted to $8,120. Overhead has been estimated at 50 percent of direct labor costs, and this relation has been the same for the past few years. Required: Compute the costs to Jobs PP-24 and PP-30 and the balances in the September 30 inventory accounts. $ $ Cost to complete PP-24 Cost to complete PP-30 Balance of Materials Inventory as of September 30 Balance of Work-in-Process as of September 30 Balance of Finished Goods Inventory as of September 30 2,145 2,070 X 4,241 $