Johansson Inc. is a manufacturing company that uses a predetermined overhead rate based on direct labor hours to apply overhead to individual jobs. For the current year, the estimated direct labor hours are 90,000 and the estimated factory overhead is $580,000. The following information is for the prior year. Month Materials Inventory WIP Inventory FG Inventory Goods Sold Material Purchases January 7,500 31,200 $ 67,000 230,000 $ 115,000 February 12,000 44,772 37,000 205,000 105,000 March 10,000 $ 49,372 30,000 $ 192,000 $100,000 April 6,000 51,478 36,000 195,000 $ 100,000 May 5,000 $ 46,100 39,000 $ 192,000 98,000 June 6,000 39,217 44,000 190,000 $98,000 July6,000 $ 35,081 50,000 $ 187,000 $98,000 August