Luke's Lubricants starts business on January 1. The following operations data are available for January for the one lubricant it produces. Gallons Beginning inventory Started in January 900,000 100,000 Ending work-in-process inventory (80% complete) Costs incurred in January follow. Materials Labor $ 564,000 145,200 294,000 Manufacturing overhead All production at Luke's is sold as it is produced (there are no finished goods inventories). Required: a. Compute cost of goods sold for January. (Do not round intermediate calculations.) b. What is the value of work-in-process inventory on January 31? (Do not round intermediate calculations.) а. Cost of goods sold for January b. Work-in-process inventory on January 31

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