Job-Order Cost Sheets, Balance in Work in Process and Finished Goods Prull Company, a job-order costing firm, worked on three jobs in July. Data are as follows:

Job 86 Job 87 Job 88
Balance, July 1 $21,330 $6,250 $0
Direct materials $10,470 $12,220 $16,070
Direct labor $16,030 $12,200 $23,910
Machine hours 520 280 1,010

Overhead is applied to jobs at the rate of $17 per machine hour. By July 31, Jobs 106 and 108 were completed. Jobs 102 and 106 were sold. Job 107 remained in process. On July 1, the balance in Finished Goods was $48,960 (consisting of Job 102 for $25,560 and Job 104 for $23,400).

Golding prices its jobs at cost plus 30%. During July, variable marketing expenses were 5% of sales, and fixed marketing expenses were $1,980; administrative expenses were $4,760. (Round all amounts to the nearest dollar.)

Required:
a. Prepare job-order cost sheets for all jobs in process during July, showing all costs through July 31.
b. Calculate the balance in Work in Process on July 31.
c. Calculate the balance in Finished Goods on July 31.
d. Calculate Cost of Goods Sold for July.
e. Calculate operating income for Golding Company for the month of July.

steering wheels are always situated on the left side of the car.

always drive on the right side of the road.

white lines separate lanes of traffic traveling the same direction.

hashed or broken lines means you may change lanes when it is safe.

solid white lines mean stay in your lane.

yellow lines separate traffic moving in opposing directions.

hashed or broken yellow lines mean you can carefully pass, paying attention to oncoming traffic.

never cross a solid yellow line (or double yellow line).

when turning left at an intersection, pass in front of any cars that are turning left from the opposing direction (do not try to pass behind them).

use the left lane to pass other cars traveling your direction.

do not pass in the right lane unless absolutely necessary.

if you are driving in the far left hand lane and someone would like to pass you, move over to the right lane when it is safe to do so and allow them to pass.

you must always yield to pedestrians.

come to a complete stop whenever you see pedestrians trying to cross the street.

never pass a school bus if it has flashing red lights. wait until the lights have stopped.

be aware of bicyclists. often they share the road with cars and are supposed to also follow general traffic laws.

be particularly careful about driving in cities with bike lanes -- always check before turning that a bike is not coming.

it is mandatory to pull over or stop at an intersection to allow an emergency vehicle to pass you if you see one traveling with lights flashing and/or a siren running.

do not overuse your car horn. horns are used almost exclusively for emergency situations or for when you feel unsafe.

explanation:

answerblank(1) starts; blank(2); // cash cows;