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utdoor Furniture Company has inventory balances at the end of August as follows:

 

Materials inventory	$21,360
Work-in-Process inventory	15,112
Finished goods inventory	17,120

 

Job order cost cards for jobs in process at the company as of the end of September were as follows:

 

Job Number	Direct Materials	Direct Labor	Mfg Overhead
48A	$1,596	$1,290	$1,677
48B	$1,492	$1,380	$1,794
48C	$1,984	$1,760	$2,288
48D	$1,608	$1,540	$2,002

 

Materials purchased and received in September:

 

September 4	$33,120
September 16	$28,600
September 22	$31,920

 

Direct labor costs for September:

 

September 15 payroll	$23,680
September 29 payroll	$25,960

 

Predetermined overhead rate:

 

130% of direct labor costs

 

Direct material transferred to production during September:

 

September 6	$37,240
September 23	$38,960

 

Finished goods with a 75% markup over cost were sold during September for $230,000.

 

a.     Compute the cost of units completed during the month.

b.    What was the total cost of units sold during the month?

c.     What are ending inventory balances?

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