Minstrel Manufacturing uses a job order costing system. During the month, Minstrel purchased $222,000 of raw materials on credit; issued materials to production of $215,000 of which $36,000 were indirect. Minstrel incurred a factory payroll of $162,000, of which $46,000 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. Minstrel's beginning and ending Work in Process Inventory are $17,500 and $31,000 respectively. Compute the cost of jobs transferred to Finished Goods Inventory Multiple Choice $486,000 $455,000 $616,500 $457,000. $455,500