A cost sheet and partial finished goods ledger card for Leather Originals, a manufacturer of leather furniture, are provided in the Working Papers. 

1. Complete the cost sheet for Job No. 657 by filling in the Summary columns. Factory overhead is applied based on direct labor hours. Estimated factory overhead for the period was \($3,000,000\) the number of estimated direct labor hours was 200,000. A total of 530 direct labor hours was used on Job No. 657.

2. Calculate a new balance for item K-39 sofa on the partial finished goods ledger card.