Butrico Manufacturing Corporation uses a standard cost system,records materials price variances when direct materials arepurchased, and prorates all variances at year-end. Variancesassociated with direct materials are prorated based on the balancesof direct materials in the appropriate accounts, and variancesassociated with direct labor and manufacturing overhead areprorated to Finished Goods Inventory and to Cost of Goods Sold(CGS) on the basis of the relative direct labor cost in theseaccounts at year-end.

The following information is for the year ended December 31:

The company had no beginning inventories and no endingWork-in-Process (WIP) Inventory. It applies manufacturing overheadat 80% of standard direct labor cost.

Finished goods inventory at 12/31:
Direct materials	$	85,500
Direct labor		130,400
Applied manufacturing overhead		104,700
Direct materials inventory at 12/31		65,300
Cost of goods sold for the year ended 12/31:
Direct materials	$	352,100
Direct labor		740,600
Applied manufacturing overhead		592,500
Direct materials price variance (unfavorable)		11,100
Direct materials usage variance (favorable)		15,300
Direct labor rate variance (unfavorable)		19,900
Direct labor efficiency variance (favorable)		5,500
Actual manufacturing overhead incurred		691,300

Required:

1. Compute the amount of Direct Materials Price Variance to beprorated to Finished Goods Inventory at December 31.

2. Compute the total amount of direct materials cost inthe Finished Goods Inventory at December 31, after all materialsvariances have been prorated.

3. Compute the total amount of direct labor cost in theFinished Goods Inventory at December 31, after all variances havebeen prorated.

4. Compute the total Cost of Goods Sold (CGS) for the year endedDecember 31, after all variances have been prorated.