18. (9 points) Garcia Corp. is a job-order manufacturer and uses a predetermined overhead rate based on direct labor hours to apply overhead to jobs. For the current year, estimated direct labor hours are 133,000 and estimated factory overhead is $784,700. The following information is for September; Job X was completed this month, Job Y was started but not finished, no other jobs were worked on. September 1, Inventories: Materials Work-in-process (all Job X) Finished goods Materials purchases Direct materials requisitioned: Job X Job Y Direct labor hours: Job X Job Y Direct labor rate $ 24,000