1.

I used direct materials of $60,000, Direct labor of $40,000 and had applied factory overhead of $10,000. What was my total conversion cost?

		$70,000
		$50,000
		$60,000
		$100,000

2. At the second week in March, job 710 has an accumulated beginning cost of $17,800. A) $9000 of direct materials were used. B) 300 hours of direct labor were charged to the job at $40 per hour C) Manufacturing Overhead was charged to the job at the rate of $40 per machine hour 160 machine hours were used. Do the journal entry for A- transferring the raw materials from raw materials inventory to work in process

		Work in Process Inventory 9000 Finished Goods Inventory 9000
		Work in Process Inventory 9000 Factory Payroll 9000
		Raw materials 9000 Work in Process Inventory 9000
		Work in Process Inventory 9000 Raw materials 9000

3. At the second week in March, job 710 has an accumulated beginning cost of $17,800. A) $9000 of direct materials were used. B) 300 hours of direct labor were charged to the job at $40 per hour C) Manufacturing Overhead was charged to the job at the rate of $40 per machine hour 160 machine hours were used. Do the journal entry for C- transferring the factory overhead into Work Process Inventory

		Factory Overhead 6400 Work in Process Inventory 6400
		Work in Process Inventory 6400 Factory Payroll 6400
		Work in Process Inventory 640 Factory Overhead 640
		Work in Process Inventory 6400 Factory Overhead 6400

4. At the second week in March, job 710 has an accumulated beginning cost of $37,800. A) $9000 of direct materials were used. B) 300 hours of direct labor were charged to the job at $40 per hour C) Manufacturing Overhead was charged to the job at the rate of $40 per machine hour 160 machine hours were used. Compute the total cost of the product include the beginning cost, the direct materials cost, payroll cost, and overhead cost. Transfer these costs from work in process inventory to finished goods.

		Work in process inventory 65200 Finished Goods Inventory 65200
		Work in process inventory 58800 Finished Goods Inventory 58800
		Finished Goods Inventory 65200 Work in Process Inventory 65200
		Finished Goods Inventory 35200 Cost of Goods Sold 65200