(Cost flows) On March 18, 2006, a fire destroyed Weymann World’s work-in-

process inventory, which consisted of two in-process custom jobs (B325 and Q428). The following information had, however, been contained in some off-site records:

• Weymann World applies overhead at the rate of 85 percent of direct la¬ bor cost.

• The cost of goods sold for the company averages 75 percent of selling price. Sales from January 1 to the date of the fire totaled $637,000.

• The company’s wage rate for production employees is $8.90 per hour.

• As of March 18, $21,000 of direct material and 28 hours of direct labor had been recorded for Job B325. Also at that time, $14,700 of direct ma¬ terial and 40 hours of direct labor had been recorded for Job Q428.

• January 1, 2006, inventories were as follows: $19,500 of Direct Material, $2 of Work in Process, and $68,900 of Finished Goods. Jobs B325 and Q428 were not in process on January 1.

• One job, R91, was completed and in the warehouse awaiting shipment on March 18. The total cost of this job was $53,600.

Determine the following amounts:

a. Cost of goods sold for the year.

b. Cost of goods manufactured during the year.

C. Amount of applied overhead contained in each job in Work in Process Inventory.

d. Cost of the WIP inventory destroyed by the fire.LO1.