1. Job cost sheets show the following information:

Job	January		February		March		Completed		Sold
AA2	$2,400		$1,000				February		Not sold
AA4	4,836						January		February
AA5			3,260				February		March
AA3			3,409		$2,320		April		Not sold
Total	$7,236		$7,669		$2,320

What are the balances in the work in process inventory, finished goods inventory, and cost of goods sold for January, February, and March?

	Work in Process			Finished Goods			COGS
January		$2400			$4836			0
February		3409			???			$4836
March		5729			???			3260

***Need answers for ???

2. Pocono Cement Forms expects $1,050,000 in overhead during the next year. It does not know whether it should apply overhead on the basis of its anticipated direct labor hours of 70,000 or its expected machine hours of 35,000.

Determine the product cost under each predetermined allocation rate if the last job incurred $1,530 in direct material cost, 84 direct labor hours, and 70 machine hours. Wages are paid at $16 per hour.

	Labor Hours	Machine hours
Cost of the job	$4134	$

Need answer for Machine Hours