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McAllister, Inc. employs a normal costing system. The following information pertains to the year just ended....

McAllister, Inc. employs a normal costing system. The following information pertains to the year just ended.

Total manufacturing costs were $2,500,000.

Cost of goods manufactured was $2,425,000.

Applied manufacturing overhead was 30 percent of total manufacturing costs.

Manufacturing overhead was applied to production at a rate of 80 percent of direct-labor cost.

Work-in-process inventory on January 1 was 75 percent of work-in-process inventory on December 31.

1- Calculate the total cost of direct material used during the year.

2- Compute the value of the company’s work-in-process inventory on December 31.

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