A company that uses job order costing reports the following information for March. Overhead is applied at the rate of 60% of direct materials cost. The company has no beginning Work in Process or Finished Goods inventories at March 1. Jobs 1 and 3 are not finished by the end of March, and Job 2 is finished but not sold by the end of March.

Job 1

Job 2 Job 3

Direct materials used $ 11,400 $ 15,400 $ 4,400

Direct labor used $ 19,400 $ 9,400 $ 7,400

Determine the total dollar amount of Finished Goods Inventory at the end of March.

O $52,080.

O $42,040.

O $34,040.

O $85,280.

O $7,240.

A company that uses job order costing reports the following information for March. Overhead is applied at the rate of 60%5 of direct materials cost. The company has no beginning Work in Process or Finished Goods inventories at March 1. Jobs 1 and 3 are not finished by the end of March, and Job 2 is finished but not sold by the end of March. Determine the total dollar amount of Finished Goods Inventory at the end of March. $52,080 $42,040. $34,040. $85,280. $7,240