Sunrise Construction, Inc is a home builder in Arizona Sunrise uses a job order costing system in which each house is a job. Because it constructs houses, the company uses an account titled Construction Overhead. The company applies overhead based on estimated direct labor costs. For the year, it estimated construction overhead of $1,100,000 and total direct labor cost of $2,200,000. The following events occurred during August (Click the icon to view the events.) Read the requirements Requirements Requirement 1. Calculate Sunrise's predetermined overhead allocation rate for the year. allocation rate 1. Calculate Sunnise's predetermined overhead allocation rate for the year 2. Prepare journal entries to record the events in the general journal. 3. T-accounts for Work-in-Process Inventory and Finished Goods Inventory have been opened for you Post the appropriate entries to these accounts identifying each entry by letter. Determine the ending account balances, assuming that the beginning balances were zero 4. Add the costs of the unfinished houses, and show that this total amount equals 5. Add the costs of the completed house that has not yet been sold, and show 6. Compute gross profit on the house that was sold. What costs must gross profit the ending balance in the Work-in-Process Inventory account. that this equals the ending balance in Finished Goods Inventory. cover for Sunrise Construction? Print Done