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Haughton Company uses a job costing system for its production costs and a predetermined factory overhead rate based on direct labor costs to apply factory overhead to all jobs. During the month of July, the firm processed three jobs: X13, X14, and X15, of which X13 was started in June.

	July 1		July 31
Inventories
Direct Materials	$	37,500				?
Work-in-Process		43,000				?
Finished Goods		0				0
Cost of Goods Sold	$	?
Direct materials purchased in July		65,000
Materials issued to production:
X13		17,580
X14		32,220
X15		14,500
Factory labor hours used ($30/hour):
X13		4,000
X14		3,300
X15		2,100
Indirect labor		7,400
Other factory overhead costs incurred:
Rent	$	136,500
Utilities		597,600
Repairs and maintenance		193,500
Depreciation		136,100
Other		61,000

As of July 31, Job X13 was sold and Jobs X14 and X15 were still in process.

Total factory overhead applied in July was $1,353,600. Required: 1. Compute the predetermined factory overhead rate.

2. Compute the amount of the Direct Materials account at the end of July.

3. Compute the actual factory overhead cost incurred during the month of July.

4. Compute the ending balance of the Work-in-Process Inventory account for July.

5. Prepare the Statement of Cost of Goods Manufactured for July.

6. Compute the amount of overapplied or underapplied overhead.

7. What is the cost per unit of Job X13 if it has a total of 100 units?

8. Prepare the Statement of Cost of Goods Sold for July.

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