Jim-bob Co. had the following inventory balances at the beginning and end of April: April 1 April 30 Raw Materials $20,000 $18,000 Finished Goods $45,000 $50,000 Work in Process $12,000 $10,00 During April, $40,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was a dollar for each direct labour dollar, and it paid its direct labour workers $25 per hour. A total of 150 hours of direct labour time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained $4,700 of direct materials cost. The Company incurred $28,000 of actual manufacturing overhead cost during the month and applied $26,000 in m