This serial problem began in Chapter I and continues through most of the book. If previous hapter seg SERIAL PROBLEM Business Solutions P1 P2 P3 (This serial problem began in Chapter I and contin ments were not completed, the serial problem can begin at this point) SP 2 The computer workstation furniture manufacturing that Santana Rey started in Januery is pro- gressing well. As of the end of June, Business Solutions's job cost sheets show the following oial costs accumulated on three furniture jobs. Job 602 Job 603Job 604 $1,500 $3,300 $2,700 800 1,420 2,100 400 7101.050 Direct materials Overhead Job 602 was started in production in May, and these costs were assigned to it in May: direct materials S600; direct labor, $180; and overhead, $90. Jobs 603 and 604 were started in June. Overhead cost is ap- plied with a predetermined rate based on direct labor costs. Jobs 602 and 603 are finished in June, and Job 604 is expected to be finished in July. No raw materials are used indirectly in June. (Assume this compa- RF ny's predetermined overhead rate did not change over these months.) Required Check (1) Total materials, 1. What is the cost of the raw materials used in June for each of the three jobs and in total? $6.900 2. How much total direct labor cost is incurred in June? 3. What predetermined overhead rate is used in June? 4. How much cost is transferred to Finished Goods Inventory in June? (3) 50%