Job order cost; journal entries; profit analysis Seattle Manufacturing Co. obtained the...

Job order cost; journal entries; profit analysis

Seattle Manufacturing Co. obtained the following information from its records for July:

Required:

1. Prepare, in summary form, the journal entries that would have been made during the month to record the distribution of materials, labor, and overhead costs; the completion of the jobs; and the sale of the jobs.

2. Prepare schedules showing the gross profit or loss for July for the following:

a. The business as a whole.

b. Each job completed and sold.

c. Each unit manufactured and sold. (Round to the nearest cent.)