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:
$$\begin{array} { | l | l | r | r | } \hline \text { Job No. } & \text { Items } & \text { Units } & \text { Accumulated Cost } \\\hline \text { CBSI02 } & \text { Cribs } & 20,000 & \$ 900,000 \\\hline \text { PLP086 } & \text { Playpens } & 15,000 & 420,000 \\\hline \text { DRS114 } & \text { Dressers } & 25,000 & 250,000 \\\hline \text { Total } & & & \$ 1,570,000 \\\hline\end{array}$$
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:
$$\begin{array} { | l | r | r | } \hline & \text { Materials } & \begin{array} { r } \text { Purchased } \\\text { Parts }\end{array} \\\hline \text { Purchased } & \$ 242,000 & \$ 396,000 \\\hline \text { Requisitions: } & & \\\hline \text { Job CBS102 } & 51,000 & 104,000 \\\hline \text { Job PLP086 } & 3,000 & 10,800 \\\hline \text { Job DRS114 } & 124,000 & 87,000 \\\hline \text { Job STR077 } ( 10,000 \text { strollers) } & 62,000 & 81,000 \\\hline \text { Job CRG096 (5,000 } & 65,000 & 187,000 \\\hline \text { carriages) } & & \\\hline\end{array}$$
During the month of May,Kid's World factory payroll consisted of the following: $$\begin{array} { | l | r | r | } \hline & \text { Hours } & \text { Cost } \\\hline \text { Job CBS102 } & 12,000 & \$ 122,400 \\\hline \text { Job PLP086 } & 4,400 & 43,200 \\\hline \text { Job DRS114 } & 19,500 & 200,500 \\\hline \text { Job STR077 } & 3,500 & 30,000 \\\hline \text { Job CRG096 } & 14,000 & 138,000 \\\hline \text { Indirect supervision } & & 57,600 \\\hline \text { Total } & & \$ 591,700 \\\hline\end{array}$$
Listed below are the jobs that were completed and the units that were sold during the month of May.
$$\begin{array} { | l | l | r | } \hline \text { Job No. } & \text { Items } & \begin{array} { r } \text { Quantity } \\\text { Completed }\end{array} \\\text { CBS102 } & \text { Cribs } & 20,000 \\\hline \text { PLP086 } & \text { Playpens } & 15,000 \\\hline \text { STR077 } & \text { Strollers } & 10,000 \\\hline \text { CRG096 } & \text { Carriages } & 5,000 \\\hline\end{array}$$
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.