(e) What is the gross profit for May, June, and July? Goods Inventory at the end of each monti. -s of E15-11 The following are the job cost related accounts for the law firm of ates and their manufacturing equivalents: of the law firm of Colaw Associ- Law Firm Accounts Supplies Salaries and Wages Payable Operating Overhead Service Contracts in Process Cost of Completed Service Contracts Manufacturing Firm Accounts Raw Materials Factory Wages Payable Manufacturing Overhead Work in Process Cost of Goods Sold Cost data for the month of March follow. 1. Purchased supplies on account $1,800. 2. Issued supplies $1,200 (60% direct and 40% indirect). 3. Assigned labor costs based on time cards for the month which indicated labor costs on $70,000 (80% direct and 20% indirect). 4. Operating overhead costs incurred for cash totaled $40,000. 5. Operating overhead is applied at a rate of 90% of direct labor cost. 6. Work completed totaled $75,000. Instructions (a) Journalize the transactions for March. (Omit explanations.) (b) Determine the balance of the Service Contracts in Process account. (Use a T-account.) E15-12 Don Lieberman and Associates, a CPA firm, uses job order costing to capture the costs of its audit jobs. There were no audit jobs in process at the beginning of November. Listed below are data concerning the three audi unts. Direct materia Auditor labor costs Auditor hours Lynn $600 $5,400 72 Brian $400 $6,600 Mike $200 $3,375 88 45 Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead rate is $50 per auditor hour. The Lynn job is the only incomplete job at the end of November. Actual overhead for the month was $11,000. Instructions (a) Determine the cost of each job. (b) Indicate the balance of the Service Contracts in Process account at the end of November (c) Calculate the ending balance of the Operating Overhead account for November. E15-13 Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below data for the current year. Estimated overhead $960,000