Under Kasey Co.’s job-order costing system, manufacturing overhead is applied to work-in-process using a predetermined annual overhead rate. During January, Kasey’s transactions included the following:
Direct Materials issued to production $90,000
Indirect materials issued to production 8,000
Manufacturing overhead incurred 125,000
Manufacturing overhead applied 113,000
Direct labor costs 107,000
Kasey had neither beginning nor ending work-in process inventory. What was the cost of jobs completed in January?