Quiz: Chapter 4 Quiz This Question: 1 pt 1 of 4 (2 complete) Submit Quiz This Quiz: 4 pts possible Ryan Company produces pipes for concert-quality organs. Each job is unique. In April 2016, it completed all outstanding orders, and then, in May 2016, it worked on only two jobs, MI and M2: (Click the icon to view the job information.) Direct manufacturing labor is paid at the rate of $32 per hour. Manufacturing overhead costs are allocated at a budgeted rate of $18 per direct manufacturing labor-hour. Only Job MI was completed in May. Read the ceguirements. Requirement 1. Compute the total cost for Job MI. O Data Table Job Costs May 2016 Job MI Ryan Company, May 2016 Direct materials Direct manufacturing labor Requirements Calculate the total cost for Job MI . Job MI $ 71,000 272,000 Job M2 $ 59,000 200,000 Total costs Requirement 2. 1,400 pipes were produced for Job MI . Calculate the cost per pipe. If 1 ,400 pipes were produced, the cost per each pipe for Job MI is $ Requirement 3. Prepare the journal entry transferring Job MI to finished goods. (Re 1. 2. 3. 4. 1 ,400 pipes were produced for Job MI . Calculate the cost per pipe. Prepare the journal entry transferring Job MI to finished goods. What is the ending balance in the Work-in-Process Control account? Date Journal Entry Accounts Debit C print Done Choose from any list or enter any number in the input fields and then continue to the next question.