2 Montreal Ltd. is a manufacturer of custom equipment and applies overhead to jobs on the basis of direct 3 labour hours. Montreal Ltd. estimated $840,000 overhead costs and 20,000 direct labour hours for the year. 4 Montreal Ltd. had 2 jobs in work in process inventory on January 1, 2015. The company started 2 more jobs 5 during January. The following data was provided for January: 6 7 Job 102 Job 103 Job 104 Job 105 B Balance Jan 1, 2015 $36,480 $19,020 SO SO - Direct Materials $34,420 $45,800 $30,480 $16,420 Direct Labour Cost $23,000 $32,500 $19,500 $9.720 1 Direct Labour Hours 4,6001 6,500 3,9001 1,944 2 By January 31, 2015, Job 102 and Job 103 were completed and Job 103 was sold. The rest of the jobs remained in proce Required: a. Calculate the plantwide overhead rate per direct labour hour Overhead Direct Labor Hour b. Complete the job order cost sheets for all four jobs in January Job 102 Job 103 Job 104 Job 105 Beginning Balance Direct Materials Direct Labour Overhead Applied Total Cost Required c. Calculate the work in process inventory on January 31, 2015: d. Calculate the finished goods inventory on January 31, 2015, e. Calculate the cost of goods sold for January f. Assume Montreal Ltd. applies 40% markup on cost. What is the selling price of Job 1032