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 Work-in-process inventory is made up of three jobs with the following costs: $12,730 21,340 8,700 Direct materials Direct labor Applied overhead Job 114 $2,411 1,800 1,170 Job 115 $2,640 1,560 1,014 Job 116 $3,650 4,300 2,795 During April, Sangvikar experienced the transactions listed beloww a. Materials purchased on account, $29,000 b. Materials requisitioned: Job 114, $16,500; Job 115, $12,200; and Job 116, $5,000 c. Job tickets were collected and summarized: Job 114, 150 hours at $12 per hour; Job 115, 220 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 $4,415 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