Langdon Company manufactures custom designed toy sailboats. The company uses a job order costing system. Overhead is applied based on direct labor hours. Estimated overhead for 2015 is $11, 840 and the company estimates it will use 7, 400 direct labor hours. The following events occurred in March. (a.) The company purchased materials for $800 on account. (b.) The production supervisor requisitioned 15 sheets of fiberglass for constructing the boats. The fiberglass was in stock and originally cost $3 a sheet. (c.) Direct labor on the boats cost $500 (d.) More materials were purchased for $350 on account (e.) Indirect labor costs were $210. (f.) A utility bill for the boat factory was $230 and was paid in cash. (g.) A repair bill for the salesman's car was $75 and will be paid next month. (h.) Additional materials were placed into production which cost $215. (i.) Manufacturing overhead was applied (direct labor during March totaled 500 hours). (j.) One sailboat was completed which cost $325. (k.) The completed sailboat was sold for $750. Record the sale and the cost of sale. Determine the overhead application rate. Prepare journal entries for the above transactions. What is the cost of the remaining Work in Process