Answer:
1. Overhead rate based on direct labor cost = 65%
2. Brief job-order cost sheet for the four jobs is attached with this question please find it.
3.
Work in process = $13,356
Finished Goods = $3,434
4.
Cost of Goods Sold = $24,127
Explanation:
                                Job 44    Job 45
Direct materials      $5,100    $1,500
Direct labor             1,200      3,000
Applied overhead   780         1,950
Balance, June 1      $7,080    $6,450
                              Job 44   Job 45   Job 46   Job 47
Direct materials   $2,200   $7,150   $1,850    $1,700
Direct labor          $900      $6,380  $960      $540
1. Over head Rate = Applied overhead / direct labor = (780/1200) x 100= 65%
3. Work in process (Job 44 & 47) = $10,765 + $2,591 = $13,356
Finished Goods (Job 46) = $3,434
4. Cost of Goods Sold (Job 45) = $24,127