On January 1, Biden, Inc.'s WorkminusinminusProcess Inventory account had a balance of $ 30 comma 900. During the year, $ 58 comma 600 of direct materials was placed into production. Manufacturing wages incurred amounted to $ 84 comma 500, of which $ 66 comma 000 were for direct labor. Manufacturing overhead is allocated on the basis of 120% of direct labor cost. Actual manufacturing overhead was $ 90 comma 400. Jobs costing $ 220 comma 600 were completed during the year. What is the December 31 balance of WorkminusinminusProcess Inventory?

Dahlia enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. it will cost you $940,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. you estimate that in five years, this equipment can be salvaged for $77,000. your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. you also need an initial investment in net working capital of $82,000. if your tax rate is 30 percent and your required return is 11 percent on your investment, what bid price should you submit? (do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))