Job costing, unit cost, ending work in process. Raymond Company worked on only two jobs during May. Information on the jobs is given below:

Job Ml Job M2 Direct materials $90,000 $60,000 Direct labour 324,000 252,000 Direct labour-hours 6,000 5,000 Manufacturing overhead costs are allocated at the budgeted rate of $36 per direct-labour hour. Job Ml was completed in May.

Required 1. Compute the total cost ofJob Ml.

2. Calculate per unit cost forJob Ml assuming it has 15,000 units.

3. Make this journal entry transferringJob Ml to Finished Goods.

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