On April 1, McGregor Company had the following balances in its inventory accounts:

Materials Inventory	$12,980
Work-in-Process Inventory	21,420
Finished Goods Inventory	8,700

Work-in-process inventory is made up of three jobs with the following costs:

	Job 114	Job 115	Job 116
Direct materials	$2,366	$2,652	$3,516
Direct labor	1,840	1,400	4,340
Applied overhead	1,288	980	3,038

During April, McGregor experienced the transactions listed below.

1. Materials purchased on account, $29,390.
2. Materials requisitioned: Job 114, $16,750; Job 115, $12,260; and Job 116, $5,050.
3. Job tickets were collected and summarized: Job 114, 130 hours at $12 per hour; Job 115, 240 hours at $14 per hour; and Job 116, 90 hours at $18 per hour.
4. Overhead is applied on the basis of direct labor cost.
5. The actual overhead was $4,285.
6. Job 115 was completed and transferred to the finished goods warehouse.
7. Job 115 was shipped, and the customer was billed for 125 percent of the cost.

Required:

1. Calculate the predetermined overhead rate based on direct labor cost.

70%

2. Calculate the ending balance for each job as of April 30.

	Ending Balance
Job 114
Job 115
Job 116

3. Calculate the ending balance of Work in Process as of April 30.

4. Calculate the cost of goods sold for April.

5. Assuming that McGregor prices its jobs at cost plus 25 percent, calculate the price of the one job that was sold during April.