GHI Inc. has commenced work on three jobs during its first year of operations. Costs incurred for each of these jobs are as follows:

Overhead is applied to jobs at a rate of $0.80 per direct labor dollar spent. During the year, Job 1 was completed, while Job 2 was completed and sold. Job 3 is still process at the end of the year.

1. GHI's Ending Work-in-Process at the end of the year was:

2. GHI's Cost of Goods Sold for the year was:

Direct Materials Direct Labour Job 1 Job 2 Job 3 $150,000 $350,000 $200,000 $250,000 $250,000 $250,000