Kid's World Manufacturing Company Is a Manufacturer of Furnishings for Infants

Kid's World Manufacturing Company is a manufacturer of furnishings for infants and children. The company uses job costing and employs a full absorption accounting method for cost accumulation. Kid's World Work-in-Process Inventory on April 30 consisted of the following jobs:
$$\begin{array} { l l r r r } & & &{ \text { Accumulated } } \\\text { Job No. } & \text { Items } & \text { Units } &{ \text { Cost } } \\\text { CBSI02 } & \text { Cribs } & 20,000 & \$ 900,000 \\\text { PLP086 } & \text { Playpens } & 15,000 & 420,000 \\\text { DRS114 } & \text { Dressers } & 25,000 & 250,000 \\\text { Total } & & & \$ 1,570,000\end{array}$$
Kid's World applies manufacturing overhead on the basis of direct labor-hours. The company's estimated manufacturing overhead for the period ending May 31 totals $4,500,000; the company estimated it would use 600,000 direct labor-hours during the year.
At the end of April, the balance in Kid's World Materials Inventory, which includes both materials and purchased parts, was $668,000. Additions to, and requisitions from, the materials inventory during the month of May included the following:
$$\begin{array} { l r r } & & \text { Purchased } \\\text { Purchased } & \text { Materials } & { \text { Parts } } \\\text { Requisitions: } & \$ 2 4 2 , 0 0 0 & \$396,000 \\\text { Job CBS102 } & 51,000 & 104,000 \\\text { Job PLP086 } & 3,000 & 10,800 \\\text { Job DRS114 } &124,000 &8 7 , 0 0 0\\\text { Job STR077 (10,000 strollers) } & 62,000 & 8 1 , 0 0 0 \\\text { Job CRG096 (5,000 carriages) } &65,000&187,000 \\\end{array}$$
During the month of May, Kid's World factory payroll consisted of the following:
$\begin{array}{lrr}&\text {Hours}&\text {Cost}\\\text { Job CBS102 } & 12,000& \$ 122,400 \\\text { Job PLP086 } & 4,400 & 43,200 \\\text { Job DRS114 Job STR077 } & 19,500& 200,500 \\\text { Job CRG096 } & 3,500 & 30,000 \\\text { Indirect supervision } & 14,000& 138,000\\\text { Total } & & \underline{57,600} \\&&\underline{\$591,700}\end{array}$
Listed below are the jobs that were completed and the units that were sold during the month of May.
$$\begin{array} { l l r } \text { Job No. } & \text { Items } & \text { Quaritity Corripleted } \\\text { CBS102 } & \text { Cribs } & 20,000 \\\text { PLP086 } & \text { Playpers } & 15,000 \\\text { STR077 } & \text { Strollers } & 10,000 \\\text { CRG096 } & \text { Carriages } & 5,000\end{array}$$
Required:
(a) Compute the value of Kid's World Work-in-Process Inventory on May 31.
(b) Compute the value of Kid's World Cost of Goods Manufactured for May.