Raw Material Inventory 9/1 12,000 Work in Process Inventory 4,500 Finished Goods Inventory 9/30 16,000 9/1 Manufacturing Overhead 14,800 Accounts Payable 8,000 9/30 . . The overhead is allocated to jobs using an estimated rate applied to direct labor hours. The budget for the year called for $180.000 ot overhead cost and 60.000 direct labor hours. Accounts payable is used for materials only. The balance on 9/1 was $6.000. September's payments were $42.000. September 1 finished goods inventory was $11,000. Cost of jobs completed in September was $89.000. On September 30 there was a single job unfinished, consisting of $1.800 (300 hours) of direct labor and $2.600 of direct material. 5.200 direct hours were worked during September. All workers earn the same rate of pay. All actual overhead costs incurred have been recorded