3. Roswell Refiners restarted operations on September 1 after a 3 month shutdown. There were no beginning inventories.

Beggining inventory ......................................................................0

Completed in September........................................................... 450,000

Ending Work in progress inventory 70% complete ......................15,0000

Cost incurred in september were

Materials.......................................560,400

Labor ...........................................164,300

Manufacturing overhead...............242,350

The following operations data are available for September and the one product the company refines: All production at Roswell is sold immediately.

Required: (a) Compute cost of goods sold for September. (b) What is the value of the work-in-process inventory on September 30?