The computer workstation furniture manufacturing that Santana Rey started in January is progressing well. As of the end of June, Business Solutions's job cost sheets show the following total costs accumulated on three furniture jobs.

Job 602 was started in production in May, and these costs were assigned to it in May: direct materials, $800; direct labor, $150; and overhead, $60. Jobs 603 and 604 were started in June. Overhead cost is applied with a predetermined rate based on direct labor costs. Jobs 602 and 603 are finished in June, and Job 604 is expected to be finished in July. No raw materials are used indirectly in June. (Assume this companys predetermined overhead rate did not change over these months.)

Required: 1. How much cost is transferred to finished goods inventory in June?

Direct materials Direct labor Overhead Job 602 $1,700 1,000 400 Job 603 $3,600 1,560 624 Job 604 $2,700 1,600 640 Required 1 Required 2 Required 3 Required 4 How much cost is transferred to finished goods inventory in June? Job Overhead Applied $ 400 602 603 Raw Materials $ 1,700 3,600 2,700 $ 8,000 Direct Labor $ 1,000 1,560 1,600 $ 4,160 Total Cost $ 3,100 5,784 4,940 $ 13,824 Cost Costs of transferred to Ending finished goods WIP $ 2,700 $ 400 X 5,430 $ 354 X 0 $ 4,940 $ 8,130 $ 5,694 624 604 640 Total $ 1,664