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Quality Cabinets and Designs has 1 job that in in process (Job 120) as of June 30, 2019. The job cost sheet for that job

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Quality Cabinets and Designs has 1 job that in in process (Job 120) as of June 30, 2019. The job cost sheet for that job at that time reports Direct Mat. of $8,600, Direct Labor of $3,100, and Applied Factory Overhead of $2,635. Quality Cabinets and Designs has traditionally applied overhead at the percentage rate of 85% of direct labor cost. In July of 2019, Job 120 was sold (on account) to Dustin Homes for $30,500. Job 121 for Smallville Estates was started and completed. Also, Job 122 for Linare Homes is started and is still in the process of being completed at the end of the July Quality Cabinets and Designs incurs the following costs during July of 2019. July Product Costs Direct Mat. Direct Labor Factory Overhead Applied Job # 120 $2,200 3,700 Job # 121 $7,000 4,200 Job a 122 $4,100 2,600 Total $13,300 10,500 ? ? Requirements 1. For Quality Cabinets and Designs, please prepare journal entries in July 2019 for the following transactions. Direct Materials used in Production by Quality Cabinets and Designs Direct Labor Used in Production by Quality Cabinets and Designs Overhead Applied to Production by Quality Cabinets and Designs Quality Cabinets and Designs Sale of Job 120 to Dustin Homes e. Quality Cabinets and Designs Cost of Goods Sold for Job 120 to Dustin Homes 2. For Quality Cabinets and Designs, please calculate the July 31 balances of the Work in Process Inventory accounts and the Finished Goods Inventory acounts. (Please assume there are no jobs in Finished Goods Inventory for Quality Cabinets and Designs as of June 30.) b. c. d. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries for the above transactions in July, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries for the above transactions in July. View transaction list View journal entry worksheet No Transaction Debit Credit a General Journal Work in process inventory Raw materials inventory 13,300 13,300 2 b 10,500 Work in process inventory Factory wages payable 10,500 3 Work in process inventory Factory overhead 30,500 d Accounts receivable Sales 30,500 Required 2 > e by Quality cabinets and Designs d. Quality Cabinets and Designs Sale of Job 120 to Dustin Homes Quality Cabinets and Designs Cost of Goods Sold for Job 120 to Dustin Homes. 2. For Quality Cabinets and Designs, please calculate the July 31 balances of the Work in Process Inventory acc Finished Goods Inventory acounts. (Please assume there are no jobs in Finished Goods Inventory for Quality Ca of June 30.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the July 31 balances of the Work in Process Inventory and the Finished Goods Inventory general ledger (Assume there are no jobs in Finished Goods Inventory as of June 30.) Work in Process Finished Goods Job # Direct materials Direct labor Overhead Total cost 0 $ We

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