Question 9 ABC Company operates two service departments, quality control and power, and two production departments, molding and finishing. ABC Company employs a reciprocal two-stage allocation method to assign service department overhead costs to production departments. Quality control costs are allocated on the basis of number of inspections and power costs are allocated on the basis of kilowatt hours. In the second stage, departmental overhead rates for the two production departments are calculated using direct labor hours as the activity for each department. Information for the four departments is given below: Directly trace overhead # of inspections Kilowatt hours Direct labor hours Q.C. $60,000 10,000 50,000 N/A Power $90,000 30,000 30,000 N/A Molding $120,000 5,000 30,000 15,000 Finishing $250,000 15,000 20,000 10,000 During March of the current year, ABC Company started and completed two jobs, job #42 and job #63. Information related to the two jobs is given below: Prime costs Direct labor hours in molding Direct labor hours in finishing Units in the job Units sold during March Job #42 $55,000 625 950 1,500 1,100 Job 463 $36,000 200 800 2,500 920 Assume there were no beginning inventories of any type at March 1. Calculate the dollar amount of ABC Company's finished goods inventory balance at March 31 of the current year