Sheffield, Inc. manufactures ergonomically designed computer furniture. Sheffield uses a job order costing system. On November 30, the Work in Process Inventory consisted of the following jobs: ob No. CC723 CH291 PS812 Units Computer caddy 25,000 18,000 26,000 Item Accumulated Cost Chair Printer stand $960,000 433,000 300,000 $1,693,000 On November 30, Sheffield's Raw Materials Inventory account totaled $697,000, and its Finished Goods Inventory totaled $3,476,400. Sheffield applies manufacturing overhead on the basis of machine hours. The company's manufacturing overhead budget for the year totaled $5,000,000, and the company planned to use 1,000,000 machine hours during the year. Through the first eleven months of the year, the company used a total of 850,000 machine hours, total manufacturing overhead amounted to $4,284,500, and Cost of Goods Sold was $8,760,250. For the pursposes of this problem ignore year-end disposition of over / under applied overhead Sheffield purchased $648,000 in raw materials in December and incurred the following costs for jobs in process that month Materials Machine Direct Labor Direct Labor Job No. Issued CC723 CH291 PS812 DS444 260,000 17,000 Hours Hours Cost $192,000 $18,500 $247,000 13,000 4,600 22,000 13,200 4,000 14,300 16,900 $122,400 $47,200 $225,500 $138,000