Exercise $19-3$ Analyzing of cost flows LO C$2$

As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs.

Job $102$ Job $103$ Job $104$

Direct materials $ $15,000$ $ $33,000$ $ $27,000$

Direct labor $8,00014,20021,000$

Overhead applied $4,0007,10010,500$

Job $102$ was started in production in May, and the following costs were assigned to it in May: direct materials, $$6,000$; direct labor, $$1,800$; and overhead, $$900.$ Jobs $103$ and $104$ were started in June. Overhead cost is applied with a predetermined rate based on direct labor cost. Jobs $102$ and $103$ were finished in June, and Job $104$ is expected to be finished in July. No raw materials were used indirectly in June. Using this information, answer the following questions. $($Assume this company$$s predetermined overhead rate did not change across these months.$)$

$1$&$2.$ Complete the table below to calculate the cost of the raw materials requisitioned and direct labor cost incurred during June for each of the three jobs.

$3.$ Using the accumulated costs of the jobs, what predetermined overhead rate is used?

$4.$ How much total cost is transferred to finished goods during June?