The following data have been collected for Department 203 for 2020:

Work in process as of 1/1/2020

Job No.	Material	Labor	Overhead	Total
1376	$17,500	22,000	33,000	72,500

Actual cost incurred by Department 203 during 2020:

By Job:	Material	Labor
1376	$1,000	$7,000
1377	26,000	53,000
1378	12,000	9,000
1379	4,000	1,000

Department 203 Other Costs for 2020:

Indirect Materials	$15,000
Indirect Labor	53,000
Employee Benefits	23,000
Depreciation	12,000
Plant Supervision	20,000
Marketing	18,000
General Administration	28,000
Total

Department 203 Other Costs Budget for 2020:

Indirect Materials	$16,000
Indirect Labor	56,000
Employee Benefits	24,000
Depreciation	12,000
Plant Supervision	20,000
Marketing	18,000
General Administration	28,000
Total

Balances as 12/31/2020:

Finished Goods Inventory	$106,000
Cost of Goods Sold	$852,000

Overhead is applied based on direct labor dollars

Budgeted Direct Labor Dollars for 2020 $80,000

(1) Apply overhead to each of the jobs worked on in 2020?

(2) Jobs 1376 and 1377 were completed during 2019. The jobs yielded 5,000 and 3,000 units of product, respectively. What was the unit cost for each of these products?

(3) What is the value of work in process inventory on 12/31/2020? What jobs are included?

(4) Management has determined that over or underapplied overhead that exceeds 5% of actual overhead is considered material. Dispose of any over or underapplied overhead for 2020.