Answer Happy

RTY Corporation started operations this year. As the year went on, they compiled the following information on jobs worked (these are the only jobs for the year): Job# Direct Materials 869 $2,598 $2,079 870 $2,825 $2,204 871 $1,906 Direct Labor $1,239 872 $1,451 $1,060 Machine hours 47 51 32 Total Sales 26 Complete and sold Not Complete Complete and not sold Ending balance of Work in process account Ending balance of Finished goods account Ending balance of Overhead account after closing overhead Job Status Total Cost of goods sold after closing overhead Complete and not sold RTY Corporation determined at the beginning of the year that $24 per Machine hour would be an appropriate POHR. As it turns out, throughout the year, overhead incurred totaled $3,294. Gross profit as reported on the Income Statement Over or Under applied overhead is always considered to be immaterial and necessary steps should be taken to close the Overhead account prior to answering the questions below. Over/Underapplied overhead (enter overapplied as a positive number and underapplied as a negative number) Make the necessary calculations to determine the following items for the year just ended (round to the nearest whole dollar/input code: 0): $ $ $ $ Sales Price when sold $ $12.539 $13,507 $ $8,453 $ $6,772