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 21,600 8,700 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 $2,405 $2,640 $5,395 1,780 1,400 4,020 979 770 2,211 During April, Sangvikar experienced the transactions listed below. a. Materials purchased on account, $28,860. b. Materials requisitioned: Job 114, $16,720; Job 115, $12,660; and Job 116, $5,260. c. Job tickets were collected and summarized: Job 114, 130 hours at $11 per hour; Job 115, 230 hours at $14 per hour; and Job 116, 80 hours at $18 per hour. d. Overhead is applied on the basis of direct labor cost. e. Actual overhead was $4,650. f. Job 115 was completed and transferred to the finished goods warehouse. g. Job 115 was shipped, and the customer was billed for 125 percent of the cost. Required: