Tyler Tooling Company uses a job order cost system with overhead applied to products on the basis of machine hours. For the upcoming year, the company estimated its total manufacturing overhead cost at $420,000 and total machine hours at 60,000. During the first month of operations, the company worked on three jobs and recorded the following actual direct materials cost, direct labor cost, and machine hours for each job: Job 103 S 9.600 Job 101 Job 102 Direct materials used Direct labor Machine hours $ 14,400 S 28,800 11,200 S 9,600 $ 19,200 43,200 $49,600 1,000 hours 4,000 hours 2,000 hours 7,000 hours Job 101 was completed and sold for $60,000. Job 102 was completed but not sold Job 103 is still in process. Actual overhead costs recorded during the first month of operations totaled $45,000