Question 13 Not yet answered Points out of 10 Flag question HCO, nu had only one job in process on July 1. The job had been charged with $1,000 of direct materials, $3,302 of direct labor and $5,382 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $20.60 per tabor-hour. During July, the following information on HCO's activities was recorded Raw Materials: Beginning Balance $6,300 Purchased $59,000 Used in Production 560,500 Labor: Direct labor-hours worked during July 1,520 Direct labor cost incurred $18,900 Other information: Actual Manufacturing overhead incurred: $30,734 Work-in-Process Inventory, July 31: $14,000 Work-in-Process inventory on July 31 contains S2921 of direct labor cost. The entry to dispose of the underapplied or overapplied manufacturing overhead for July would include a to the account Manufacturing Overhead. FI of