Exercise 7-24 Assigning Costs to Jobs (LO 7-2, 3) Partially completed T-accounts and additional information for Cardinals, Inc., for the month of November appear next: Materials Inventory Work-In-Process Inventory BB 11/1 60,000 Labor 90,000 120,000 96,000 Finished Goods Inventory Cost of Goods Sold BB (111 80,000 180,000 120,000 Manufacturing Overhead Control Applied Manufacturing Overhead 78,000 Additional information for November follows: Labor wage rate was $30 per hour. Manufacturing overhead is applied at $24 per direct labor-hour. Manufacturing overhead is applied at $24 per direct labor-hour. During the month, sales revenue was $270,000, and selling and administrative costs were $48,000. This company has no indirect materials or supplies