Assume the following information relates to the Q Company for the Month of May:

Job No. 306 Job No. 307 Job No. 308

In process - May 1:

Materials $30,000 $15,000 $0

Labor 45,000 30,000 0

Overhead 67,500 45,000 0

Costs added in May:

Materials 7,500 30,000 30,000

Labor 30,000 30,000 60,000

Overhead ? ? ?

Actual overhead costs incurred in May amounted to $172,500. Job Nos. 306 and 307 were completed and transferred out in May. Overhead is applied using a predetermined overhead rate. From the above data compute:

a. The cost of the May 1 work in process inventory $232,500

b. The total amount of overhead assigned to production in May assuming no change in the overhead rate employed.

c. The cost of Job No. 306 when completed.

d. The cost of the goods completed and transferred.

e. The cost of the May 30 work in process inventory.