Sandhill Manufacturing Company employs a job order cost system and keeps perpetual inventory records. The following transactions occurred in the first month of operations: 1. Direct materials requisitioned during the month: Job 101 $24,000 Job 102 19,200 Job 103 28,800 $72,000 2. Direct labor incurred and charged to jobs during the month was: Job 101 Job 102 $38,400 33,600 Job 103 24,000 3. $96,000 Manufacturing overhead was applied to jobs using a predetermined overhead rate based on 75% of direct labor costs. 4. Actual manufacturing overhead costs incurred during the month amounted to $79,200. 5. Job 101 consisting of 1,000 units and Job 103 consisting of 200 units were completed during the month.