Dancer Corporation, which uses a job-costing system, had two jobs in process at the start of 2014:

Job 59 $ 95,000

Job 60 $ 39,500

WIP Inventory 1/1/14 $ 134,500

The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $720,000 and 20,000 hours. The company worked on three jobs during the first quarter and incurred the following costs:

Job No	Direct Material	Direct Labor	Machine Hours
59	$18,000	$45,000	900
60	-------	25,000	600
61	37,000	35,000	1,200

Dancer completed Job 59 and Job 60 in the first quarter of 2014

b. [10 points] What is the cost of work-in-process inventory at the end of the quarter ?

c. [10 points] What is the cost of jobs completed during the first quarter ?