Custom Cabinets builds custom cabinets for individual buyers. On July 1, there was one job started with a beginning work-in-process balance of $20,000. This amount included direct labour cost of $4,000, direct material cost of $9,600, and manufacturing overhead of $6,400. During July, the job was finished and sold. Direct labour cost for the job in July was $10,000, and direct materials used were $6,000. Overhead is computed at a rate of 160% of direct labour cost. All sales have a markup of 30%. What was the selling price of the cabinet? $80,600 O $67,600 $54,600 $46,800