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 $12,800 Work-in-Process Inventory 21,290 Finished Goods Inventory 8,880 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 $2,399 $2,645 $4,182 1,740 1,440 4,360 1,044 864 2,616 During April, Sangvikar experienced the transactions listed below. a. Materials purchased on account, $28,710. b. Materials requisitioned: Job 114, $16,250; Job 115, $11,870; and Job 116, $5,420. c. Job tickets were collected and summarized: Job 114, 160 hours at $11 per hour; Job 115, 210 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 $4,525. 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: