1.) Suppose Diewerts accountant decides the MOH balance is material and allocates the amount to the downstream accounts: Work in Process, Finished Goods, and Cost of Goods sold on the basis of the pre-adjustment balances in each account. Determine the adjustment rate needed to close the MOH account and adjust the amount of MOH assigned to these accounts. Round to the nearest $0.0001

2.) Determine the amount of adjustment to assign to Work in Process

3.) Determine the amount of adjustment to assign to Finished Goods

4.) Determine the amount of adjustment to assign to Cost of Goods Sold

5.) Determine the ending balance after adjustment of Work in Process Inventory

6.) Determine the ending balance after adjustment of Finished Goods Inventory

Diewert Equipment, a manufacturer of exercise and workout equipment for sale to institutions, uses job costing. The following transactions occurred in January. 1. Purchased $75,000 of materials. 2. Incurred $84,000 for utilities, power, equipment maintenance, and other miscellaneous items pertaining to the production facility. 3. Issued $7,200 of supplies from the materials inventory. 4. Issued $81,000 in direct materials to the production department. 5. Direct labor costs of $77,000 were credited to Wages Payable. 6. Paid for the materials purchased in transaction (1). 7. $14,500 of indirect labor costs were credited to Wages Payable. 8. Applied overhead was assigned to products at the rate of 150 percent of direct labor costs. 9. Accrued depreciation on manufacturing property, plant, and equipment of $21,500. 10. Returned $3,200 of the supplies in transaction (3) to inventory. 11. Paid the for the wages incurred in transaction (5) The following balances appeared in the accounts of Ervin Equipment for January