1 and 2. with explainatoons please

12) m A company's beginning work in process inventory consisted of 20,000 units that were 1/5 complete with respect to direct labor. These beginning units were completed and another 90,000 units were started during the current period. Of those started, 60,000 were finished and the remaining 30,000 were 1/3 complete at the end of the period. Read this problem carefully and then calculate the equivalent units of production and be sure to show your work. 13 A B C H I D E F G Please complete Exercise as follows: 3 1) Seattle Lumber produces bagged bark for use in landscaping. Production involves packaging bark chips in plastic bags in a bagging department. The following information describes production operations for October. Bagging Department $ 460,000 $ 76,000 Direct materials used Direct labor used Predetermined overhead rate (based on direct labor) Goods transferred from bagging to finished goods $(407,000) The company's revenue for the month totaled $900,000 from credit sales, and its cost of goods sold for the month is $500,000. Prepare summary journal entries dated October 31 to record its October production activities for (1) direct material usage, (2) direct labor usage, (3) overhead allocation, (4) goods transfer from production to finished goods, and (5) sales. Remember that sales is a 2 part entry