Jorgensen Corporation uses standard costs with its job order cost accounting system. In January, an order (Job No. 12) for 1,000 units of Product B was received. The standard cost of one unit of Product B is as follows.

Direct materials3 pounds at $1.30 per pound$3.90Direct labor1.10 hour at $8.00 per hour8.80Overhead2 hours (variable $4.00 per machine hour; fixed $3.30 per machine hour)14.60Standard cost per unit$27.30

Normal capacity for the month was 4,010 machine hours. During January, the following transactions applicable to Job No. 12 occurred.

1.Purchased 3,100 pounds of raw materials on account at $1.36 per pound. 2.Requisitioned 3,100 pounds of raw materials for Job No. 12. 3.Incurred 1,180 hours of direct labor at a rate of $7.95 per hour. 4.Worked 1,180 hours of direct labor on Job No. 12. 5.Incurred manufacturing overhead on account $15,880. 6.Applied overhead to Job No. 12 on basis of standard machine hours allowed. 7.Completed Job No. 12. 8.Billed customer for Job No. 12 at a selling price of $90,000.