Bostwick Chemicals started business on April $1.$ The following operations data are available for April for the one solvent it produces.

Costs incurred in April follow.

There are never any finished goods at Bostwick Chemicals because all production is to order.

Required:

a$.$ Compute cost of goods sold for April.

b$.$ What is the value of work$-$in$-$process inventory on April $30?$

a$.$ Cost of goods sold for April

b$.$ Work$-$in$-$process inventory on April $30$Bostwick Chemicals started business on April $1.$ The following operations data are available for April for the one solvent it produces.

Gallons

Beginning inventory $0$

Started in April $361,000$

Ending work$-$in$-$process inventory $(75\%$ complete$)45,500$

Costs incurred in April follow.

Materials $ $424,500$

Labor $538,175$

Manufacturing overhead $365,900$

There are never any finished goods at Bostwick Chemicals because all production is to order.

Required:

Compute cost of goods sold for April.

What is the value of work$-$in$-$process inventory on April $30?$