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Required information [The following information applies to the questions displayed below.] At the end of June, the job cost sheets at Ace Roofers show the

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Required information [The following information applies to the questions displayed below.] At the end of June, the job cost sheets at Ace Roofers show the following costs accumulated on three jobs: Additional Information a. Job 5 was started in May, and the following costs were assigned to it in May: direct materials, $7,900; direc labor, \$3,700; and applied overhead, \$2,800. Job 5 was finished in June. b. Job 6 and Job 7 were started in June; Job 6 was finished in June, and Job 7 is to be completed in July. c. Overhead cost is applied with a predetermined rate based on direct labor cost. The predetermined overhe rate did not change across these months. 4. What is the total cost transferred to Finished Goods Inventory in June

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