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The Ship Chandlery Company uses normal job - order costing in its only department. It began operations on December 1 , 2 0 2 2

The Ship Chandlery Company uses normal job-order costing in its only department. It began operations on December 1,2022. The Materials Inventory Account includes both direct and indirect materials. During December 2022, the company purchased $125,000 of raw materials. It then used $24,000 of direct materials to start Job A. The company charged total conversion costs of $56,000 to Job A during December. As of the end of December Job A was not complete. There was no underapplied or overapplied overhead for December. No indirect materials were used in December.
Ship Chandlery began its new fiscal year on January 1,2023. The company charges overhead based on direct labor hours. The estimated direct labor hours for 2023 are 300,000 hours and the estimated overhead cost for 2023 is $1,200,000.
The following transactions occurred in 2023.
There were 5 jobs that had work completed in 2023. Some of the data for these jobs are shown below.
Direct Materials Cost
\table[[Job A,Job B,Job C,Job D,Job E],[$10,500,$34,000,$77,000,$80,000,$7,500
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