The following information pertains to Job 712 that Nantou Manufacturing Company completed during January 2018. Materials and

Question:

The following information pertains to Job 712 that Nantou Manufacturing Company completed during January 2018. Materials and labor costs for the job were $24,500 and $19,000, respectively. Applied overhead costs were $16,000. Nantou completed and delivered the job to its customer and earned an $18,000 gross profit.
Required
Determine the contract price for the job.