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

At the beginning of the year, annual manufacturing overhead (MOH) was budgeted at $3,780,000 and Richmond 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 2,500 units.
3. Make this journal entry transferring Job A701 to Finished Goods.
4. Determine the ending balance in the Work-in-Process account.LO1

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Direct materials Direct labour Direct manufacturing labour-hours (DMLH) Job A701 $ 80,000 287,000 20,500 Job A702 $ 92,000 219,000 14,600