Upton and Verlander Company uses a job-order costing system. Upton and Verlander has two manufacturing departmentsMolding and Fabrication. Upton and Verlander 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	$	790,000	$	240,000	$	1,030,000
Variable manufacturing overhead cost per machine-hour	$	5.30	$	5.30

During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobsJob D-70 and Job C-200. It provided the following information related to those two jobs:

Job D-70:	Molding		Fabrication		Total
Direct materials cost	$	376,000	$	327,000	$	703,000
Direct labor cost	$	220,000	$	140,000	$	360,000
Machine-hours		23,000		7,000		30,000

Job C-200:	Molding		Fabrication		Total
Direct materials cost	$	200,000	$	280,000	$	480,000
Direct labor cost	$	140,000	$	240,000	$	380,000
Machine-hours		7,000		33,000		40,000

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 Verlanders cost of goods sold for the year?