Riverwood Accounting Company has the following account in its cost records:

Riverwood applies overhead to projects at a predetermined rate based on direct labor costs. Assume that Riverwood uses a job order costing system and that Jones Audit is the only job in process at the end of the period. Complete the following cost sheet for services still in process for Jones Audit.

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Direct labor.... Project overhead Work in Process-Jones Audit 20,000 28,000 Services completed..... 44,000