Sheridan, Inc. manufactures ergonomically designed computer furniture. Sheridan uses a job order costing system. On November 30, the Work in Process Inventory consisted of the following jobs: Job No. Item Accumulated Cost CC723 Computer caddy Chair Units 23,000 15,000 25,000 CH291 $920,000 435,000 292,000 $1,647,000 PS812 Printer stand On November 30, Sheridan's Raw Materials Inventory account totaled $669,000, and its Finished Goods Inventory totaled $3,466,400. Sheridan applies manufacturing overhead on the basis of machine hours. The company's manufacturing overhead budget for the year totaled $4,500,000, and the company planned to use 900,000 machine hours during the year. Through the first eleven months of the year, the company used a total of 880,000 machine hours, total manufacturing overhead amounted to $4,294,500, and Cost of Goods Sold was $8,790,250. For the pursposes of this problem, ignore year-end disposition of over / under applied overhead. Sheridan purchased $638,000 in raw materials in December and incurred the following costs for jobs in process that month: Materials Issued Machine Hours Direct Labor Hours Direct Labor Cost Job No. CC723 13,000 5,000 CH291 $193,000 $15,300 $235,000 $258,000 14,100 3,600 17,300 14,100 $125,400 $43,200 $206,500 $140,000 PS812 24,900 19,000 DS444 The following jobs were completed in December and transferred to the Finished Goods Inventory: Job No. Item Units CC723 Computer caddy Chair CH291 23,000 15,000 6,000 DS444 Desk (a) Calculate the total cost of each of the four jobs worked on in December. CC723 CH291 PS812 $ Total Cost $ (b) Calculate the total manufacturing cost for December. Total manufacturing cost (c) Calculate the cost of goods manufactured for December. $ Cost of goods manufactured (d) Calculate the balance in the Work in Process Inventory account on December 31. $ Balance in work in process (e) Assume that Sheridan sold 15,000 computer caddies, 12,000 chairs, and 4,500 desks in December. Calculate Cost of Goods Sold for the month of December and the ending Finished Goods Inventory balance on December 31. (For computation purpose round per unit rates to 2 decimal places, e.g. 3.54. Round final answers to O decmial places, e.g. 45,000.) $ ta Cost of goods sold ta Finished goods inventory