Kim & Smith Refiners starts business on March 1. The following operations data are available for March for the one lubricant it produces: Costs incurred in March follow: All production at Kim & Smith is sold as it is produced (there are no finished goods inventories). Required: Compute cost of goods sold for March. (Do not round intermediate calculations.) What is the value of work-in-process inventory on March 31? (Do not round intermediate calculations.)