Concord Fabricators produces protective covers for smart phones. Since the covers must be customized to each smart phone model, Concord uses a job order costing system. On September 1, the company reported the following inventory balances: Direct Materials $28,700 Work in Process $150,000 Finished Goods $257,000 During September, the following events occurred: 1. Concord purchased direct materials costing $424,000 on account. 2. Concord used $433,000 in direct materials in production. 3. Concord's employees clocked 21,000 direct labor hours at an average wage rate of $10.02 per direct labor hour. 4. The company incurred $170,000 in manufacturing overhead, including $28,000 in indirect labor costs. 5 Using direct labor hours as the application base, the company applied $168,000 of manufacturing overhead to jobs worked on in September. 6. The company completed production on jobs costing $856,000. 7. The company delivered jobs costing $1,078,000 to customers