Question 6 of 7 4.67/6 Concord, Inc. manufactures ergonomically designed computer furniture Concord uses a job order costing system on November 30, the Work in Process Inventory consisted of the following jobs: Item Job No. CC723 Computer caddy Chair Units 20,000 10,000 CH291 Accumulated Cost $1,000,000 438,000 285,000 $1.723,000 PS812 Printer stand 28.000 On November 30. Concord's Direct Materials Inventory account totaled $691,000, and its Finished Goods Inventory totaled $3,476,400. Concord applies manufacturing overhead on the basis of machine hours. The company's manufacturing overhead budget for the year totaled $4,750,000, and the company planned to use 950,000 machine hours during the year. Through the first eleven months of the year, the company used a total of 850,000 machine hours, total manufacturing overhead amounted to $4,284,500, and Cost of Goods Sold was $8,780,250. For the purposes of this problem, ignore year-end disposition of over/under applied overhead Concord purchased $648,000 in direct materials in December and incurred the following costs for jobs in process that month Materials Issued Machine Hours Direct Labor Hours Direct Labor Cost Job No. CC723 $194,000 18.000 $126,400 12.200 CH291 $17,000 4.400 $49.200 3,800 PS812 $208,500 $211.000 19,600 17.300 $256.000 DS444 19.000 15,000 $147,000 Question 6 of 7 4.67/6 E DS444 $256,000 19.000 15,000 $147,000 The following jobs were completed in December and transferred to the Finished Goods Inventory: Job No. CC723 Item Units Computer caddy 20,000 Chair 10,000 Desk 5.000 CH291 DS444 le total cost of each of the four jobs worked on in December. CC723 CH291 PS812 DS444 $ 1410400 526200 802500 $ 498000 (b) Calculate the total manufacturing cost for December Total manufacturing cost $ 1514100 le) Assume that Concord sold 8,200 computer caddies 10,000 chairs, and 4.500 desks in December. Calculate Cost of Goods Sold for the month of December and the ending Finished Goods Inventory balance on December 31. (For computation purpose round per unit rates to 2 decimal places, eg. 3.54. Round final answers to decmial places, es. 45,000.) Cost of goods sold $ 1689090 Finished goods inventory $ 4221910