3 Exercise 19-5 Manufacturing cost flows LO P1, P2, P3 Custom Cabinetry has one job in process pob 120) as of June 30 at that time. its job cost sheet reports direct materials of $6.000 direct labor of S2800, and applied overhead of $2.240 Custom Cabinetry applies overhead at the rate of 80% of direct labor cost During July. Jab 120 is sold (on account) for $22.000, Job 121 is started and completed, and Job 122 is started and still in process at the end of the month. Custom Cabinetry incurs the following costs during July 18 points Book Hnt Ask Pint Duly Product Costs Job 120 ob 121 Job 122 Tot al Direct naterials Direct labor Overhead applied $1,800 36,000$2,500 $9,500 2,200 3,7002,108,22 1. Prepare journal entries for the following in July a. Direct materials used in production b. Direct labor used in production c. Overhead applied d. The sale of Job 120 e. Cost of goods sold for Job 120 2 Compute the July 31 balances of the Work in Process Inventory and the Finished Goods Inventory general ledger accounts (Assume there are no jobs in Finished Goods Inventory s of June 30) Complete this question by entering your answers in the tabs below 3 Journal entry worksheet 18 points Record the entry to assign direct materials to job. eBook Hint Ask Pr int Reference Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal