Float Your Boat, Inc., manufactures custom boats and uses a job order costing system where each boat is a job. The information below concerns events that occurred in 2022: a. Purchased materials on account for $365,000; the beginning balance in the Raw Materials inventory account was $40,000. b. Requisitioned direct materials and used direct labor in manufacturing and tracked direct labor hours spent manufacturing each boat as follows: Direct Materials Direct Labor Direct Labor Hours Boat 125 $31,000 $16,000 Boat 126 $25,000 Boat 127 $33,000 Boat 128 $47,000 Boat 129 $62,000 400 $48,000 625 $67,000 825 $81,000 1,175 $123,000 1,550 c. Other 2022 cost: Indirect labor of $63,000; Indirect materials of $21,000; Depreciation of manufacturing equipment of $12,000; Factory worker insurance expired of $6,000. d. Allocated overhead to jobs using direct labor hours as the driver/allocation base. The total budgeted overhead cost was $100,000, the total direct labor cost budgeted was $200,000 and the total direct labor hours budgeted were 5,000 hours. e. Boats unfinished at end of 2021: 125 ($42,000 cost in 2021), 126 ($9,000 cost in 2021) f. Boat unfinished at end of 2022: 127 g. Boats sold: 124 (finished in 2021 but not sold, cost is $82,000), 125, 129