Problem 4 Edgar uses normal costing in their job order cost system Job 309 is in process as it wss started last year. The cost incurred last year was $16,000 The rate this year is $20 per hour. Overhead is applied using machine hours During january of 2017 the following information is available 319 2,300 $12,0006,500 8,200 9,1004,200 3,700 5,6004,300 30 320 10,000 7,500 50 Job 309 311 312 316 317 318 Direct materials Direct labor machine hours worked Status of job 3,100 8,0007,300 40 8,1004,200 70 20 50 60 75 finished finished finished finished finishedfinished in In sold sold sold sold sold process process Required determine the cost of each iob determine the ending inventory of WIP and Finished Goods Determine the cost of goods sold