Question: Montreal Ltd. is a manufactur labour hours. Montreal Ltd. estimated $840,000 overhead costs and 5.000 direct labour hours for the year Montreal Ltd. had 2 jobs in work in process inventory on January 1, 2015. The company started 2 more jobs during January. The following data was provided for January: Required: c. Calculate the work in processive d. Calculate the finished goods inven Job 105 c. Calculate the cost of goods sold for Tob 12 Job 103 SU 534,420 $23.000 Balance Jan. 1. 2015 Direct Material Direct Labour Cost Direct Labour Hours 1104 319.000 545,00 $32,500 6,500 f. Assume Montreal Land applies 40% 50 $30,480 $19,500 3700 SO 516,420 5930 By January 31, 2015. Job 102 and Job 103 were completed and Job 103 was sold. The rest of the jobs remained in process. Required: 2. Calculate the plantwide overhead rate per direct labour hour Overhead Direct Labor Hour b. Complete the job order cost sheets for all four jobs in January Job Job 104 Job 105 Beginning Halance Direct Materials Direct Labour Overhead Applied TC 2.5 0 0 0 0 0 0 0 0 5 0 O 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 D