1. John's Water Slides makes custom water slides for hotels. On September 1, there were three jobs in process, Jobs 812, 813, and 814. Two more jobs were started during September, Jobs 815 and 816. By September 30, Jobs 812, 814, and 816 were finished. The following data has been collected:

   
   

   Job 812

   Job 813

   Job 814

   Job 815

   Job 816

   
   

   9/1 Balance

   $615

   $830

   $ 945

   ---

   ---

   
   

   Direct Materials

   750

   235

   1,280

   $200

   $915

   
   

   Direct Labor

   420

   115

   560

   320

   875

   
   

   Overhead is applied at the rate of 120% of direct labor cost. Jobs are sold at cost plus 60%. Selling and administrative expenses for September totaled $2,950. By September 30, Jobs 812 were 816 are sold, but the customer who ordered Job 814 decided he did not want the slide so it is still in the warehouse.

   
   

   Refer to Figure 5-8. What is the selling price of Job 816?

   1. $4,544

   2. $2,840

   3. $2,864

   4. $3,408

   5. $0, It is not completed yet.