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Expert Q&A Done Question 23 The following data for the month of November, relates to the McDermott Company, a small cricket bat manufacturer Not yet saved located in Ipswich, QLD, The company uses job costing to determine the cost of products. Marked out of Balances at 1st November of unfinished jobs are as follows: 6.00 Job No. Materials Labour P Flag 103 $19,000 $16,000 question 104 $17,000 $13,000 105 $25,000 $12,000 Overhead in process $8,200 Other balances at 1st November: Raw materials inventory $39,000 Finished goods inventory $0 Raw material purchased during November: $13,200 Direct labour cost incurred during November Job 103 $8,700 Job 104 $11,500 Job 105 $7,300 Job 106 $7,500 Direct materials issued to production in November Job 103 $9,500 Job 104 $17,500 Job 105 $6,500 Job 106 $7,000 Jobs 103, 104, and 105 were completed during November. Jobs 103 and 104 were sold for $110,000 and $140,000 respectively. Overhead is allocated to jobs using direct labour dollars as the cost driver. 1) What is the overhead rate per direct labour dollar? (Enter amount only, do not use dollar signs, do not enter a percentage) respectively. Overhead is allocated to jobs using direct labour dollars as the cost driver. 1) What is the overhead rate per direct labour dollar? (Enter amount only, do not use dollar signs, do not enter a percentage) 2) What is the cost of Job 103 at November ist? (Enter amount only, do not use dollar signs or commas) 3) What is the gross profit/loss on the sale of Job 104? (Enter amount only, do not use dollar signs or commas) 4) What is the cost of closing WIP at the end of November? (Enter amount only, do not use dollar signs or commas) 5) What is the cost of goods manufactured during November? (Enter amount only, do not use dollar signs or commas) 6) What is the closing balance in the Finished goods inventory account? (Enter amount only, do not use dollar signs or commas)