Required information The following information applies to the questions displayed below) Upton and Verlander Company uses a job-order costing system. Upton and Verlander has two manufacturing departments-Molding and Fabrication. Upton and Verlander provided the following estimates at the beginning of the year: Molding Fabrication 27,000 37,000 $ 750,000 $ 200,000 $ 5.50 $ 5.50 Total 64,000 $ 950,000 Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobs- Job D-70 and Job C-200. It provided the following information related to those two jobs: Job D-70: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 373,000 S 321,000 $ 694,000 $ 240,000 $ 160,000 $400,000 19,000 8,000 27,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 220,000 $ 210,000 $430,000 $ 160,000 $ 290,000 $ 450,000 8,000 29,000 37,000 Upton and Verlander had no underapplied or overapplied manufacturing overhead during the year. Required: 1. Assume Upton and Verlander uses a plantwide predetermined overhead rate based on machine-hours. a. Compute the plantwide predetermined overhead rate. b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. c. If Upton and Verlander establishes bid prices that are 140% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200? d. What is Upton and Verlander's cost of goods sold for the year