SP 15 Serial Problem Business Solutions (Algo) LO P1, P2, P3 The computer workstation furniture manufacturing that Santana Rey started is progressing well. As of the end of June, Business Solutions's job cost sheets show the following total costs accumulated on three furniture jobs. Direct materials Direct labor Overhead applied Job 602 $ 1,300 1,000 400 Job 603 $ 3,000 1,380 552 Job 604 $ 3,100 1,700 680 Job 602 was started in May, and the following costs were assigned to it in May: direct materials, $700; direct labor, $150; and overhead, $60. Jobs 603 and 604 were started in June. Overhead cost is applied with a predetermined rate as a percent of direct labor costs. Jobs 602 and 603 are finished in June, and Job 604 is expected to be finished in July. The company's predetermined overhead rate did not change over these months. Required: 1. What is the cost of direct materials used in June for each of the three jobs and in total? 2. What is the cost of direct labor used in June for each of the three jobs and in total? 3. What predetermined overhead rate is used in June? 4. How much cost is transferred to finished goods inventory in June? Complete this question by entering your answers in the tabs below. Dourad 1 Doauired Doquired 2 Required 1 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 What is the cost of direct materials used in June for each of the three jobs and in total? Job 602 Job 603 Job 604 Total May costs June costs 600 3,000 3,100 6,700 Total Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 What is the cost of direct labor used in June for each of the three jobs and in total? Job 602 Job 603 Job 604 Total May costs June costs 850 1,380 1,700 3,930 Total Complete this question by entering your answers in the tabs below. Required 1 Required 2. Required 3 Required 4 How much cost is transferred to finished goods inventory in June? Job Total Cost Cost transferred to finished goods Costs of Ending WIP Direct Direct Overhead Materials Labor Applied $ 1,300 $ 1,000 $ 400 3,000 1,380 552 602 $ 2,700 603 4,932 604 Total $ 4,300 $ 2,380 $ 952 $ 7,632