Question: just need part 2 thanks! Required 1 Required 2 Compute the July 31 balances of the Work in Process Inventory and the Finished Goods Inventory

just need part 2 thanks!

Required 1 Required 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 as of June 30.) Work in Process Finished Goods Job Direct materials Direct labor Overhead Total cost $ 0 0 Job 122 $3,100 3,100 ? Total $15,000 10,500 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 accounts. Assume there are no jobs in Finished Goods Inventory as of June 30.)

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