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Job-Order Coat Sheets Balances and Calculations Instructions Prul Company, a job-order costing firm, worked on three jobs in July. Data e as follows: Job 87 Job Balance, July 1 Direct materials 18.250 Jobs $21.330 $10,470 $16.030 $12,220 Dvect labor $0 $16,070 $23,910 1,010 Machine hours $12.200 280 520 Overhead is applied to be at the rate of $17 per machine hourly 31, Jon and were completed Jobs 82 and were sold Job 87 remaned in process. On y 1. the balance in Finished Goods was $4.990 consisting of Job 82 for $25.560 and Job 14 15:23,450) Prur prices to jobs at cost pus 30%. During July variable marketing expenses were of sales and fixed marketing experises were $1.000 dinarative expertes were se (Round al amounts to the nearest dolar) Reguired: 1. Prepare job-order cost sheets for all jobs in process during July, showing all costs through July 31. 2. Calculate the balance in Work in Process on July 31. 3. Calculate the balance in Finished Goods on July 31. 4. Calculate Cost of Goods Sold for July, 5. Calculate operating income for Prull Company for the month of July. eBook Job-Order Cost Sheets Balances and Calculations Instructions Job-Order Cost Sheets Preparator corso in processorng suy showing arcoss og Julmusverwys Prull Company Job-Order Cost Sheets For the Month of July 1 Job 86 Job 87 Job 38 ? Balance July 1 Direct materials Direct labor 1 Applied overhead 2. Calculate the balance in Work in Process on July 31. The balance in Work in Process on July 31 is $ 3. Calculate the balance in Finished Goods on July 31. The balance in Finished Goods on July 31 is $ 4. Calculate Cost of Goods Sold for July. The cost of goods sold for July is $ 5. Calculate operating income for Prull Company for the month of July. The operating income for the month of July is $

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