Price-Gordon Architectural Consultants Ltd. uses a modified job-order costing system to keep track of project costs. During October 2016, the firm worked on four projects. The following table provides a summary of the cost of materials used and the number of consulting hours worked on each of the four projects in October:

The records for September showed that 40 hours had been worked and $80 worth of materials had been used on Project 80. Projects 80 and 86 were completed in October, and bills were sent to the clients.
Consultants at Price-Gordon billed clients at $120 per consulting hour. The actual labour cost to the firm (based on salary cost) was $60 per hour. Overhead is charged to projects based on the consultants' time spent on the project. Total overhead for the current fiscal year, based on expected activity of 10,000 consulting hours, was estimated to be $267,000. This total overhead cost included a fixed portion of $84,000, which covered rent, depreciation, and so on. Actual overhead for October was $21,455. Price-Gordon closes under- and over-applied overhead to Cost of Services at month end.
Instructions
(a) Determine the product costs for Project 80.
(b) Determine the balance in Work in Process as at October 31.
(c) Prepare the income statement for October 2016, including the appropriate amount of under- or over-applied overhead. Other expenses for October were $2,340.94.

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Project Number 80 84 85 86 Cost of Materials $120 85 100 150 Consulting Hours Worked 138 145 160 187