Smithson Company uses a job-order costing system and has two manufacturing departmentsMolding and Fabrication. The company provided the following estimates at the beginning of the year:

[The following information applies to the questions displayed below.] Smithson Company uses a job-order costing system and has two manufacturing departmentsMolding and Fabrication. The company provided the following estimates at the beginning of the year: Molding Fabrication Total Machine-hours 30,000 40,000 70,000 Fixed manufacturing overhead costs $ 720,000 $ 290,000 $ 1,010,000 Variable manufacturing overhead per machine-hour 5.00 $ 5.00 During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobsJob D-75 and Job C-100. It provided the following information related to those two jobs: Job D-75: Direct materials cost Direct labor cost Machine-hours $ $ Molding Fabrication 372,000 $ 325,000 $ 250,000 $ 160,000 $ 22,000 8,000 Total 697,000 410,000 30,000 Job C-100: Direct materials cost Direct labor cost Machine-hours $ $ Molding Fabrication Total 270,000 $ 290,000 $560,000 150,000 $ 240,000 $390,000 8,000 32,000 40,000 Smithson had no overapplied or underapplied manufacturing overhead during the year. Assume Smithson uses a plantwide overhead rate based on machine-hours. Required: 1-a. Compute the predetermined plantwide overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate per MH 1-5. Compute the total manufacturing costs assigned to Job D-75 and Job C-100. (Round your intermediate calculations to 2 decimal places.) Total manufacturing cost $ 1,539,900 Job D-75 Job C-100 1-c. If Smithson establishes bid prices that are 120% of total manufacturing costs, what bid price would it have established for Job D-75 and Job C-100? (Round your intermediate calculations to 2 decimal places.) Bid price $ 1,847,880 Job D-75 Job C-100 1-d. What is Smithson's cost of goods sold for the year? (Round your intermediate calculations to 2 decimal places.) Cost of goods sold