Coakwell Company worked on only two jobs during May. Information on the jobs is given below:

Job A701Job A702

Direct materials....................................$ 80,000........$ 92,000

Direct labour.........................................287,000........219,000

Direct manufacturing labour-hours (DMLH).....20,500.........14,600

At the beginning of the year, annual manufacturing overhead (MOH) was budgeted at $3,780,000 and Coakwell budgeted 35,000 DMLH per month. Job A701 was completed in May.

Required

1. Compute the total cost of Job A701.

2. Calculate per unit cost for Job A701 assuming it has 5,000 units.

3. Make this journal entry transferring Job A701 to Finished Goods.

4. Determine the ending balance in the Work-in-Process account.