Problem $7-64($Algo$)$ Job Costs in a Service Company $($LO $7-4)$

On April $1,$ two jobs were in process at Hartwell Contracting. Details of the jobs follow:

Job Number Direct Materials Direct Labor

HC$-34$ $ $4,280$ $ $1,680$

HC$-373,1805,880$

The Materials Inventory account on April $1$ totaled $$7,980.$ Materials purchased during the month totaled $$17,300.$ Indirect materials of $$1,620$ were issued from materials inventory. On April $1,$ finished goods inventory consisted of two jobs: HC$-32,$ costing $$6,860,$ and HC$-35,$ with a cost of $$3,680.$ Costs for both jobs were transferred to Cost of Services Billed during the month.

Also during April, Jobs HC$-34$ and HC$-37$ were completed. Completing Job HC$-34$ required an additional $$4,980$ in direct labor. The completion costs for Job HC$-37$ included $$3,280$ in direct materials and $$10,580$ in direct labor.

Hartwell Contracting used a total of $$8,980$ of direct materials $($excluding the $$1,620$ indirect materials$)$ during the month and $$25,680$ in total direct labor costs. Overhead has been estimated at $75$ percent of direct labor costs, and this relation has been the same for the past few years.

Required:

Compute the costs of Jobs HC$-34$ and HC$-37$ and the balances in the April $30$ inventory accounts.