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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

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 350,000
Ending work-in-process inventory (75% complete) 40,000

Costs incurred in April follow.

Materials $ 424,500
Labor 127,600
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?

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