work must be shown

Hickerson Corp. had the following data for July:

COSTSFOR JULY

BalanceDirectDirectApplied

Job #on July 1MaterialsLaborMfg. Overhead

10$3000$200$400$200

112000

1224008001200600

134000200500250

14---------140020001000

11,400260041002050

Actual mfg. overhead incurred during July was $2400. During July, Jobs 10 and 12 were completed and Jobs 11 and 12 were sold to customers. Jobs 13 and 14 were still in process on July 31.

(1) [6 pts.] Determine the July 31 balance in:

Work in Process: ____________ Finished Goods: ____________

(2) [4 pts.] What is the balance in Cost of Goods Sold at July 31 after any underapplied or overapplied overhead is closed out entirely to Cost of Goods Sold? _____________