Richards Company produces pipes for concert$-$quality organs. Each job is unique. In April $2021,$ it completed all outstanding orders, and then, in May $2021,$ it worked on only two jobs, M$1$ and M$2$:

$($Click the icon to view the job information.$)$

Direct manufacturing labour is paid at the rate of $$28$ per hour. Manufacturing overhead costs are allocated at a budgeted rate of $$25$ per direct manufacturing labour$-$hour. Only Job M$1$ was completed in May.

Requirement $1.$ Compute the total cost for Job M$1.$

Job Costs May $2021$

Amount

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$$

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Total costs $$

Requirement $2.1,500$ pipes were produced for Job M$1.$ Calculate the cost per pipe. $($Round your answer to the nearest whole dollar.$)$

If $1,500$ pipes were produced, what is the cost per each pipe for Job M$1?$

Requirement $3.$ Prepare the journal entry transferring Job M$1$ to finished goods. $($Record debits first, then credits. Exclude explanations from any journal entries.$)$

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[,,,],[,,,],[,,,],[,,,]]$

Requirement $4.$ What is the ending balance in the Work$-$in$-$Process Control account?

What is the ending balance of Richards Company's Work$-$in$-$Process Control account at the end of May $2021?$

$\backslash$table$[[$Richards Company, May $2021,$Job M$1,$Job M$2],[$Direct materials,$$73,000,$$$58,000$