1.ABC operate a process costing system.At the start of March ABC had 10,000 units in WIP (80% complete with respect to material, and 60% complete with respect to conversion).During March they started another 80,000 units, and at the end of March they had 20,000 units in WIP (80% complete with respect to material, and 60% complete with respect to conversion).Beginning WIP had $29,000 of material cost and $32,000 of conversion cost, and during March $100,000 of material cost, and $132,000 of conversion cost was added.How many dollars were transferred, and how many dollars were in end WIP?

2.In December ABC sold 9,000 units at a price of $8 each.Direct material and direct labor were $2 and $1 per unit respectively.Variable selling costs were 50c per unit, and fixed selling costs were $2,000.Average variable manufacturing overhead was given as $1.5, and average fixed manufacturing overhead has given as $2 (based on a volume of 10,000 units). Make a contribution income statement.

3.At the start of May ABC had no jobs in process.During May they started one job: JX.They estimated MOH to be $300,000 and estimated machine hours (their base to determine the predetermined overhead rate) to be 150,000 machine hours.During May they used $50,000 of materials ($40,000 determined to be direct materials), $100,000 of direct labor and $50,000 of indirect labor.They used 50,000 machine hours during May.The only other MOH incurred during May was factory depreciation of $30,000.At the end of May end WIP for JX was $60,000, and all the units completed were also sold.They were sold at 150% of cost.Give the journal entries for all the information above.How much was MOH over or underapplied?Assuming any over or underapplied MOH was closed to COGS what was the journal entry for the sale of the goods?