Pat Koontz makes necklaces from glass beads, metal beads, and natural beads. After reading about hybrid costing, she realized that the different types of necklaces did not cost the same amount of money to make, even though they took the same amount of time and effort to assemble. Koontz developed the following standard costs for each type of necklace:

	Glass	Metal	Natural
Beads	$24.00	$15.00	$7.00
Direct labor (1.5 hours)	15.00	15.00	15.00
Overhead (based on 1.5 hours)	8.00	8.00	8.00
Total	$47.00	$38.00	$30.00

Koontz began the year with no beginning WIP Inventory after she experienced an extreme holiday rush. During January, 78 necklaces were started: 42 were glass, 15 were metal, and 21 were natural. At the end of January, 15 necklaces were not yet complete: 3 glass, 8 metal, and 4 natural. The stage of completion for each cost component for the 15 unfinished necklaces was as follows:

Material	100% complete
Conversion	60% complete

a. Calculate the cost of necklaces completed during January. $Answer

b. Calculate the cost of necklaces in ending WIP Inventory. $Answer