Gandalf Geriatric Services (GGS) uses a job-order costing system in order to track the product costs for each job. They use a traditional manufacturing overhead allocation method.  They began the month of December with one outstanding job, Job 67. They were able to finish Job 67 by the end of the month, but it remained unsold. Relevant cost accounting information is provided below:

 

• POHR: $95 / machine hour
• Direct materials inventory, Dec 1: $152,400
• Direct materials purchases in December: $4,500
• Direct materials inventory, Dec 31: $148,200
• Direct labor incurred in December: $12,600
• Actual machine hours: 50 machine hours
• Job 67 beginning balance: $5,450

A) Using the information provided, calculate the amount of direct materials that will be reported on the materials requisition form. Give your number to the nearest whole dollar. Do not use the "$" symbol.

 

B) Using the information provided, calculate the beginning finished goods balance for January 1. Give your number to the nearest whole dollar. Do not use the "$" symbol.