Lukes Lubricants starts business on January 1. The following operations data are available for January for the one lubricant it produces:

	Gallons
Beginning inventory	0
Started in January	159,000
Ending work-in-process inventory (70% complete)	11,000

Costs incurred in January follow:

Materials	$	161,475
Labor		30,000
Manufacturing overhead		81,000

All production at Lukes is sold as it is produced (there are no finished goods inventories).

Required:

a. Compute cost of goods sold for January. (Do not round intermediate calculations.)

b. What is the value of work-in-process inventory on January 31? (Do not round intermediate calculations.)