Raw Material Work in Process Finished Goods Inventory Inventory Inventory 9/1 12,000 9/1 4, 50 0 9/30 16,000 Overhead Accounts Cost Control Pay a ble 14,800 8,000 9/30 The overhead is allocated to jobs using an estimated rate applied to direct labour hours. The budget for the year called for $180,000 of overhead cost and 60,000 direct labour hours. Accounts payable is used for materials only. The balance on 9/1 was $6,000. September's payments were $40,000. 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 labour 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. Materials purchased in September were: O $43,000 O $48,000 O $54,000 O $42,000