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Ryan uses a job costing system for its production costs. It uses a predetermined factory overhead rate based on direct labor costs to apply factory overhead to jobs. During the month of July, the firm processed three jobs: Al2, C46, and M23. A small fire in the administration office during the early hours of August left only these fragments of the company's factory ledger:

Inventories, July 1
Materials inventory (all direct)						$28,552
Work-in-process inventory (job A12)						$37,900
Finished goods inventory						$57,960
Inventories, July 31
Materials inventory (all direct)						?
Work-in-process inventory (job C46 and M23)						?
Finished goods inventory						?
Cost of goods sold, July						?
Direct materials purchased, July						$17,870
Direct materials issued to production						$40,885
Job A12						$13,055
Job C46						$17,600
Job M23						$10,230
Factory labor-hours used ($3.73/hour)
Job A12						1,850
Job C46						2,604
Job M23						1,243
Indirect labor						700
Other factory overhead costs incurred
Rent						$20,123
Utilities						$6,330
Repairs and Maintenance						$3,212
Depreciation						$20,048
Other						$5,016

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Manufacturing Statement Raw materials, beginning Purchases Available Raw materials, ending Raw materials used Direct labor Overhead Applied Total manufacturing costs Work in Process, beginning Total cost to account for Work in Process, ending Total Cost of Goods Manufactured Jobs Opening balance Direct materials Direct labor $28,552 $17.870 $46,422 $5,53 Actual Overhead Depreciation Indirect labor Other $20,048 $5,016 $20,123 $3,212 $6,330 $40,885 Rent 3.73 per hour 21249.81 Repairs and Maintenance Utilities Total $37,900 Applied Overhead Difference Under/Over applied 0 A12 C46 M23 Total $37,900 $13.055 1,850 6900.5 $37,900 $40,885 $17,600 2.604 9712.92 $10.230 1.243 4636.39 hours rate 3.73 21249.81 Overhead Total cost Overhead rate Prorate overhead variance Adjusted total cost Cost of Goods Sold Finished Goods, ending Total Cost of Goods Manufactured Available for sale Finished Goods, ending Cost of Goods Sold $57.960

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