Job Costs Using a Plantwide Overhead Rate

Perrin Company designs industrial prototypes for outside companies. Budgeted overhead for the year was $337,500, and budgeted direct labor hours were 27,000. The average wage rate for direct labor is expected to be $25 per hour. During June, Perrin Company worked on four jobs. Data relating to these four jobs follow:

	Job 39	Job 40	Job 41	Job 42
Beginning balance	$25,700	$34,300	$18,900	$1,300
Materials requisitioned	16,600	22,400	12,100	14,800
Direct labor cost	7,700	19,500	6,750	5,700

Overhead is assigned as a percentage of direct labor cost. During June, Jobs 39 and 40 were completed; Job 39 was sold at 110 percent of cost. Job 40 is the only job in Finished Goods Inventory and will remain there until the customer accepts delivery and pays. Jobs 41 and 42 remain unfinished at the end of the month.

Required:

1. Calculate the balance in Work in Process as of June 30.

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2. Calculate the balance in Finished Goods as of June 30.

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3. Calculate the cost of goods sold for June.

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4. Calculate the price charged for Job 39. Round your answer to two decimal places.

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