Charles corp. has the following inventory information available for the month of december: date number of units cost per unit december 1 beginning inventory 40 $10 december 10 purchases 50 $17 december 20 purchases 70 $20 the company sold 155 units in december. required: using the above information, fill in the chart below with the amounts that should be reported for total cost of goods sold for december and the cost of ending inventory at dec 31 under both the lifo and fifo cost flow assumptions. do not include commas or a decimal point in the answers.

Speedy auto repairs uses a job-order costing system. the company’s direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics’ hourly wages. speedy’s overhead costs include various items, such as the shop manager’s salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 20,000 fixed overhead cost $ 350,000 variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate. 2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 590 direct labor cost $ 109 direct labor-hours used 6