Applying Concepts On June 1, Delman Company's work in process inventory consisted of three jobs with the following costs: Direct materials Direct labor Applied overhead During June, four more jobs,were started. Information on costs added to the seven jobs during the month is as follows: Job 40 Job 41 Job 42 $1,000 $2,000 $700 1,800 1,200 800 1.260 840560 Job 40 Job 41 Job 42 Job 43 Job 44 Job 45 Job 46 Direct materials $3,000 $5,000 $4,700 $3,400 $1,500 $800 $350 Direct labor By the end of June, Jobs 40, 41, 42, and 44 were completed. Jobs 40 and 42 were sold. (There were no jobs in Finished Goods on June 30. Delman Company prices i Required 1. Calculate the predetermined overhead rate based on direct labor cost. 2. Fill in the following table to calculate the ending Work in Process balance for each job as of June 30. 4,000 3,200 2.800 1,300 900 740 160 70 % Job 40 Job 41 Job 42 Job 43 Job 44 Job 45 Job 46 Beginning balance Direct materials Direct labor Applied overhead Ending balance 3. Calculate the ending balance ofi Work in Process Finished Goods Cost of Goods Sold 4. Sales revenue for June equaled 4,060 3,000 5,000 4,700 3,400 1,500 800 740 350 4,000 3,200 2,800 1,300 900 160