JECTIVE 34 Exercise 5.12 Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost On April 1, Sangvikar Company had the following balances in its inventory accounts: Materials Inventory $12.730 Work-in-Process Inventory 21,340 Finished Goods Inventory 8,700 Work-in-process inventory is made up of three jobs with the following costs: Job 114 Job 115 Job 116 Direct materials $2,411 $2,640 $3,650 Direct labor 1,800 1,560 4,300 Applied overhead 1,170 1,014 2,795 During April, San a. Materials a Sangvikar experienced the transactions listed below. rials purchased on account, $29,000. requisitioned: Job 114, $16,500; Job 115, $12.200; and Job 116, $5.000. were collected and summarized: Job 114. 150 hours at $12 per hour: Job 115, +514 per hour; and Job 116, 80 hours at $18 per hour. ead is applied on the basis of direct labor cost. b. Materials requis Job tickets were coll 220 hours at $14 pe d. Overhead is api Actual overhead was $4,415. 15 was completed and transferred to the finished goods warehouse. was shipped, and the customer was billed for 125 percent of the cost. 1. Job 115 was . Job 115 was shin Required: Ost. Assuming that Sangvikar prices its jobs at cost plus 25 percent, calculate the price of the one job that was sold during April. (Round to the nearest dollar.)