1. The following information is available for completed Job No. 404: Direct materials, $85000; direct labour, $124000; manufacturing overhead applied, $57000; units produced, 5000 units; units sold, 3700 units. The cost of the finished goods on hand from this job is ?

$69160.

$266000.

$39000.

$196840.

2.

Cost of goods manufactured equals $88500 for 2020. Finished goods inventory is $4020 at the beginning of the year and $10400 at the end of the year. Beginning and ending work in process for 2020 are $8000 and $10400 respectively. How much is cost of goods sold for the year?

$92480

$84480

$82120

$94880