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3. Portnoy, Inc. applies factory overhead (FO) cost to production at a predetermined factory overhead rate of 45% based on direct labor cost. Job No.

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3. Portnoy, Inc. applies factory overhead (FO) cost to production at a predetermined factory overhead rate of 45% based on direct labor cost. Job No. 199, the only job still in process at the end of September, has factory overhead cost of $6,300. Calculate the amount of direct materials (DM) cost in Job 199 assuming the balance in Work in Process Inventory at the end of September is $38,000

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