Required 1 Required 2 Required 3 Required 4 Required Prepare the Statement of Cost of Goods Manufactured for July. Haughton Company Statement of Cost of Goods Manufactured For the month ended July 31 Direct materials used Direct labor Factory overhead applied Total current manufacturing costs Add: Beginning work-in-process inventory Total manufactuing cost to account for Less: Ending work-in-process inventory Cost of goods manufactured Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Req Compute the ending balance of the Work-in-Process Inventory account for Ju Job X14 Job X15 $ 40,220 $ 15,000 114,000 78,000 $ Total 55,220 192,000 Direct materials Direct labor Applied overhead Total job cost Haughton Company uses a job costing system for its production costs and a predetermined factory overhead rate based on direct labor costs to apply factory overhead to all jobs. During the month of July, the firm processed three jobs: X13, X14, and X15, of which X13 was started in June. July 1 July 31 Inventories Direct Materials $ 38,500 7 Work-in-Process 45,000 Pinished Goods 0 0 Cost of Goods Sold $ ? Direct materials purchased in July 75,000 Materials issued to production: X13 18,780 X14 40,220 X15 15,000 Factory labor hours used ($30/hour): 4,500 X14 3,800 X15 2,600 Indirect labor 7,900 other factory overhead costs incurred: Rent $ 141,500 Utilities 1,104,600 Repairs and maintenance 198,500 Depreciation 141,100 Other 66,000 X13 As of July 31, Job X13 was sold and Jobs X14 and X15 were still in process. Total factory overhead applied in July was $1,896,600. Required: 1. Compute the predetermined factory overhead rate. 2. Compute the amount of the Direct Materials account at the end of July. 3. Compute the actual factory overhead cost incurred during the month of July. Complete this question by entering your answers in the tabs be Required 1 Required 2 Required 3 Required 4 Required 5 Prepare the Statement of Cost of Goods Sold for July. 0 0 Haughton Company Statement of Cost of Goods Sold For the month ended July 31 Cost of goods manufactured Finished goods beginning balance Cost of goods available for sale Less: Finished goods ending balance Unadjusted cost of goods sold Underapplied overhead Cost of goods sold 0 0