Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost On April 1, Sangvikar Company had the following balances in its inventory accounts: Materials Inventory Work-in-Process Inventory Finished Goods Inventory $12,700 21,200 8,690 Work-in-process inventory is made up of three jobs with the following costs: Direct materials Direct labor Applied overhead Job 114 Job 115 Job 116 $2,417 $2,684 $5,119 1,820 1,500 4,000 910 750 2,000 During April, Sangvikar experienced the transactions listed below. a. Materials purchased on account, $29,370. b. Materials requisitioned: Job 114, $16,070; Job 115, $11,920; and Job 116, $4,850. c. Job tickets were collected and summarized: Job 114, 150 hours at $12 per hour; Job 115, 220 hours at $15 per hour; and Job 116, 70 hours at $19 per hour. d. Overhead is applied on the basis of direct labor cost. e. Actual overhead was $4,205. f. Job 115 was completed and transferred to the finished goods warehouse. 9. Job 115 was shipped, and the customer was billed for 125 percent of the cost. Required: