Question $5$

Harper Factory, a manufacturer, uses job order costing to track the cost of each customer $-$

order. On March $1,$ Harper had two jobs in process with the following costs:

Work in Process Balance on $\frac{3}{1}$

Job $101$

$

$452$

Job $102$

$603$

Source documents revealed the following during March:

Materials Requisitions Forms Labor Time Tickets Status of Job at Month$-$End

Job $101$

$

$1,475$

$ $867$

Completed and sold

Job $102$

$840$

$1,379$

Completed, but not sold

Job $103$

$613$

$1,597$

In process

Indirect

$[$k

$1,423$

The company applies overhead to products at a rate of $138$ percent of direct labor cost.

What is the balance in Finished Goods inventory at the end of March? $