At the beginning of the accounting period, the accountant for Ivanhoe Industries estimated that total overhead would be $ 72,580. Overhead is allocated to jobs on the basis of direct labour cost. Direct labour was budgeted to cost $ 191,000 this period. During the period, only three jobs were worked on. The following summarizes the direct materials and labour costs for each:

		Job #
		1231			1232			1233
Direct materials		$	42,100		$	69,900		$	29,100
Direct labour			67,400			91,900			53,800

Job 1231 was finished and sold, job 1232 was finished but is waiting to be sold, and job 1233 is still in process. Actual overhead for the period was $ 79,078.

Calculate the cost of each job completed. (Round overhead rate to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 5,125.)

Job 1231		$
Job 1232		$
Job 1233		$

Calculate the cost of goods sold.

Cost of Goods sold

$

Calculate the amount of overapplied or underapplied overhead that will be prorated to the ending balances in work in process, finished goods, and cost of goods sold. (Round weights to 2 decimal places, e.g. 15.25% and final answers to 0 decimal places, e.g. 5,125.)

WIP		$
FG
COGS
Total		$		underapplied/ overapplied