1. Company uses a job-order costing system.

   Company had a zero balance in its work in process and finished goods inventory accounts on July 1 of the current year. During July, Company worked on three jobs in July and incurred the following:

   		Job 1	Job 2	Job 3
   	Direct materials	$12,000	$28,000	$18,000
   	Direct labor cost	$8,000	$10,000	$5,000
   	Direct labor hours	200 hours	250 hours	125 hours

   This content is copyrighted The company has a predetermined overhead rate of $10 per labor hour.

   What is the total cost assigned to Job 1? What is total overhead applied for July? (This is inclusive of all jobs.)

   Read these questions carefully so that you answer the specific questions. Total cost is different than total overhead applied. Enter only a number in the box with no commas, decimals, or dollar signs.