7) Jobs 1, 2 and 3 are now in Finished Goods. 1 2 3 Direct Materials 2,500 3,200 4,500 Direct Labor 3,500 5,300 6,850 Manufacturing Overhead 160% 160% 160% What dollar amount show in Finished Goods? A) 67,210 B) 25,850 C) 50,890 None of the above 8) True False Job Order Costing is used for small batches of customized products and a calculation for Equivalent Units of Production is not necessary 9)LIFO Purchased March 15 Beginning Balance on March 1 14 @ $36 15 @ $42 15 @ $43 Purchased March 25 26 products were sold on March 23rd. What is the cost? A) $873 B) $943 C) $1,008 D) $1,107