The business manufactures custom patios made of concrete, brick,fiberglass, and lumber- depending upon customer preference. Thecompany's fiscal year is the calendar year. At the beginning ofJuly, selected balances were as follows:

Direct Materials Inventory, July 1	$4200
Work-In-Process Inventory, July 1	5540*
Manufacturing Overhead Applied to Date	32640
Actual Manufacturing Overhead to Date	31650

*Details for Work in Process

	Job 85		Job 86		Job 87		Total
Direct Materials	$600		800		900
Direct Labor	320		540		580
Manufacturing Overhead	400		675		725
=	1320	+	2015	+	2205	=	5540

(the last row are the separate columns added together and thentotaled at the end).

During July, total direct materials purchased were $4900.Overhead costs incurred were $3800. Direct materials and directlabor used were as follows:

	Materials Requested Amounts	Labor Time Ticket Amounts
Job 85	$1100	$840
Job 86	500	360
Job 87	1300	1200
Job 88	2000	800

The Company uses conventional overhead application with overheadcharged to jobs at the rate of $1.25 per dollar of direct laborcost. The patios for Jobs 85 and 87 were completed during July andsold at cost plus a 30 percent markup.

Prepare an Excel Spreadsheet that determines the cost of eachjob at the end of July. Then program cells that determine end ofJuly balance of direct materials inventory, end ofJuly balance of work in process inventory, end ofJuly balance of finished goods,sales for July, cost of goodssold for July, and gross profit marginfor July. On the lower part of the spreadsheet: Prepare a formalcost of goods manufactured schedule for the month of July.

(the company only deals with underapplied or overappliedoverhead at the end of December therefore it is not needed inJuly).