Jack's Water Slides makes custom water slides for hotels. On October 1, there were three jobs in process: Jobs 812, 813, and 814. Two more jobs were started during October: Jobs 815 and 816. By October 31, Jobs 812, 814, and 816 were finished. The following data has been collected: Job 815 Job 816 10/1 Balance (BWIP) Direct materials Direct labor Job 812 $500 400 300 Job 813 $900 270 180 Job 814 $780 1,140 600 $300 300 $300 800 400 Overhead is applied at the rate of 110% of direct labor cost. Jobs are sold at cost plus 50%. Selling and administrative expenses for October totaled $3,000. By October 31, Jobs 812 and 816 are sold, but the customer who ordered Job 814 decided he did not want the slide, so it is still in the warehouse. What is the selling price of Job 816? O a. $2,000 b. $2,970 c. $4,000 d. $1,800 Oe. $0, it is not completed yet