O'Leary Corporation manufactures special purpose portable structures chuts, mobile offices, and so onj for use at construction sites. It only builds to order (each unit is built to customer specifications). O'Leary uses a normal job costing system. Direct labor at O'Leary is paid $20 per hour, but the employees are not paid if they are not working on jobs. Manufacturing overhead is assigned to jobs by a predetermined rate on the basis of direct labor-hours. The company incurred manufacturing overhead costs during two recent years (adjusted for price-level changes using current prices and wage rates) as follows: Direct labor-hours worked Manufacturing overhead costs incurred Indirect labor Employee benefits Supplies Power Heat and light Supervision Depreciation Property taxes and insurance Total manufacturing overhead costs Year 1 69,70 Year 2 54,700 $2,767,000 $1,513,500 1,042,000 $17,000 697,000 547,000 552,700 582,700 138,700 130,700 716,95 776,950 1,983,200 751,950 $8,649,500 1,963,200 751,950 $ 7,111,000 At the beginning of year 3, O'Leary has two jobs, which have not yet been delivered to customers Job MC-270 was completed on December 27, year 2. It is scheduled to ship on January 7, year 3 Job MC-275 is still in progress. The predetermined rate in year 2 was $120 per direct labor hour Data on direct material costs and direct labor-hours for these jobs in year 2 follow 36 PC-270 Direct material costs Direct labor-hours $ 270,700 2,570 Nurs MC-275 $495,700 3,270 hours During year 3, O'Leary incurred the following direct material costs and direct labor hours for all jobs worked in year 3, including the completion of Job MC-275 Direct material costs Direct labor-tours Actual manufacturing overhead $ 11,910,000 74,700 $9,113,000 For the purpose of computing the predetermined overhead rate, O'Leary uses the previous year's actual overhead rate. At the end of year 3, there were four jobs that had not yet shipped. Data on these jobs follow Direct materials Direct Labor-ours Justatus PC-357 $104,200 PC-399 $29,000 1,370 hours PIC-399 1,810 hours Finished PC-330 567,700 2,612 tours Finished 4,006 hours In progress Required a. What was the amount in the beginning Finished Goods and beginning Work-in-Process accounts for year 3 Win-process inventory Finished goods inventory b. O'Leary incurred direct materials cost of $57700 and used an additional 307 hours in year 3 to complete job MC-275 What was the final total cost charged to joo MC-276 Final Dotal cut sharged