Lanyard Company uses a job-order costing system to account for product costs. The following information pertains to 2014:

Materials placed into production $170,000

Indirect labor 40,000

Direct labor (10,000 hours) 160,000

Depreciation of factory building 60,000

Other factory overhead 100,000

Increase in work-in-process inventory 20,000

Factory overhead rate is $20 per direct labor hour.

1. Refer to Figure 5-4. What is the total amount credited to Materials Inventory for Lanyard in 2014?

2. Refer to Figure 5-4. What is the total amount debited to Finished Goods Inventory in 2011?