Calculate the cost of goods manufactured for March.

Calculate the balance in the Work in Process Inventory account as of March 31.

Crane Company produces high-quality microscopes for education and health care uses. The company uses a job order costing system. Because the microscopes' optics require significant manual labor to ensure adherence to strict manufacturing specifications, the company applies overhead on the basis of direct labor hours. At the beginning of 2017, the company estimated its manufacturing overhead would be $1,940,000 and that employees would work a total of 97,000 direct labor hours. During March, the company worked on the following five jobs Direct Materials Direct Labor Direct Labor Hours Beginning added during added during added during Job 134 158 212 287 301 Total Balance March March March $118,400 121,250 21,600 34,150 $3,000 2,300 86,200 71,600 18,790 $181,890 $8,200 12,100 36,000 31,800 21,800 $109,900 140 200 3,400 2,600 1,300 7,640 $295,400 Jobs 134 and 158 were started in January, Jobs 212 and 287 were started in February, and Job 301 was started in March. During March, workers completed Jobs 134, 158, and 212. Jobs 134 and 212 were delivered to customers during March Actual overhead for the month of March was $176,000. The manufacturing overhead account is disposed of annually, not monthly