Angeloni Corporation Uses a Job-Order Costing System to Assign Manufacturing

Essay

Angeloni Corporation uses a job-order costing system to assign manufacturing costs to jobs. At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold. Its balance sheet on July 1 appears below:
Summaries of the transactions completed during July appear below:
Required:
a. Completely fill in the spreadsheet below.
b. Prepare a Schedule of Cost of Goods Sold for the company for July. c. Prepare an Income Statement for the company for July.