At the beginning, the accountant for Limited industries estimated that total overhead would be $80,000. Overhead is allocated to jobs on the basis of direct labour cost. Direct labour was budgeted to cost $200,000 this period. During the period, only three jobs were worked on. The following summarizes the direct materials and labour costs for each:

	Job 12	Job 123	Job 124
Direct materials	$45,000	$70,000	$30,000
Direct labour	70,000	90,000	50,000

Job 12 was finished and sold, Job 123 was finished but is waiting to be sold, and Job 1234 is still in process. Actual overhead for the period was $82,000.

A. Calculate the cost of each job completed.

B. Calculate the cost of goods sold.

C. 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.