Summit Industries' accounting records reflect the following inventories: Dec. 31, 2021 Dec. 31, 2020 Raw materials inventory: $250,000 $230,000 Work in process inventory: $350,000 $300,000 During 2021, $500,000 of raw materials were purchased, direct labor costs amounted to $600,000, and manufacturing overhead incurred was $520,000. Calculate Summit Industries' total cost of goods manufactured in 2021.

Brahma Manufacturing uses a job order cost system and applies overhead based on estimated rates. The overhead application rate is based on total estimated overhead costs of $310,000 and direct labor hours of 10,500. During the month of March 2022, actual direct labor hours of 11,200 were incurred. Use this information to determine the amount of factory overhead that was applied in March. (Round the answer to the nearest whole dollar.)

General Accounting