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Prull Company, a job-order costing firm, worked on three jobs in Jully. Data are as follows: 320 Job 86 Job 87 Job 88 Balance, July

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Prull Company, a job-order costing firm, worked on three jobs in Jully. Data are as follows: 320 Job 86 Job 87 Job 88 Balance, July 1 $21,210 $6,250 $0 Direct materials $10,360 $12,290 $16,220 Direct labor $16,070 $12,280 $24,040 Machine hours 510 1,000 Overhead is applied to jobs at the rate of $15 per machine hour. By July 31, Jobs 36 and 88 were completed. Jobs B2 and 36 were sold. Job 87 remained in process. On July 1, the balance in Finished Goods was $49,030 (consisting of Job 82 for $25,640 and Job 84 for $23,390). Prull prices its jobs at cost plus 30%. During July, variable marketing expenses were 5% of sales, and fixed marketing expenses were $1,980; administrative expenses were $4,800. (Round all amounts to the nearest dollar.) % , ) Required: 1. Prepare job-order cost sheets for all jobs in process during July, showing all costs through July 31. All amount cells must have an entry; enter zeros as needed. Prull Company Job-Order Cost Sheets For the Month of July Job 86 Job 87 Balance, Duly 1 Direct materials Direct labor Applied overhead Job 88 Total $ Fund Chuck My Work Use the information provided and the overhead rate to fill in the Job Order Cost Sheets. Review the "How to Prepare Brier Job-Order Cost Sheets" example in the text. 2. Calculate the balance in Work in Process on July 31. The balance in Work in Process on July 31 is $ 3. Calculate the balance in Finished Goods on July 31. The balance in Finished Goods on July 31 is s 4. Calculate Cost of Goods Sold for Dully. The cost of goods sold for July is s 5. Calculate operating income for Prull Company for the month of July. The operating income for the month of July is $

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