As of the end of June, the job cost sheets at Racing Wheels, Inc, show the following total costs accumulated on three custom jobs. Direct materials Direct labor Overhead applied Job 102 Job 103 $36,000 $52,000 16,000 25,200 5,920 9,324 Job 104 $61,000 44,000 16,280 Job 102 was started in production in May, and the following costs were assigned to it in May: direct materials, $9,000, direct labor, $3,600; and overhead, $1,332. Jobs 103 and 104 were started in June. Overhead cost is applied with a predetermined rate based on direct labor cost. Jobs 102 and 103 were finished in June, and Job 104 is expected to be finished in July. No raw materials were used indirectly in June. Using this information, answer the following questions. (Assume this company's predetermined overhead rate did not change across these months.) 182. Complete the table below to calculate the cost of the raw materials requisitioned and direct labor cost incurred during June for each of the three jobs? 3. Using the accumulated costs of the jobs, what predetermined overhead rate is used? 4. How much total cost is transferred to finished goods during June? Direct Materials Job May June Total 102 $ $ 9,000 $ 44,000 35,000 $ 0 103 0 104 Total $ 44,000 35,000 $ 9,000 $ Direct Labor Job May June Total 102 $ 3,600 . A 3,600 0 103 0 104 Total 3,600 $ 3,600 Overhead Rate Choose Denominator: = 1 Overhead Rate Choose Numerator: Job 102 1 Overhead rate = = 0 / Job 103 II 1 Overhead rate 0 Il Job 104 Il / Overhead rate 0 II Overhead Rate = 1 Choose Numerator: Choose Denominator: Overhead Rate Job 102 11 1 Overhead rate / 0 = Job 103 / Overhead rate = = 0 / Job 104 11 1 Overhead rate 11 Direct Materials Direct Labor Applied Overhead Total Cost Job Cost Transferred to Finished Goods 102 $ 36,000 $ 16,000 103 52,000 25,200 104 44,000 61,000 $ 149,000 $ Total 85,200