27. The cost of production of completed and finished goods during the period amounted to $450,000, and the finished products shipped to customers had total production costs of $357.000. From the following select the entry to record the transfer of cost the finished goods to cost of goods sold Finished Coads 450.000 Cost of Goods Sold 450,000 Finished Goods 357.000 Cost of Goods Sold 357,000 e Cost of Goods Sold 357.000 Finished Goods 357,000 d Cost of Good Sold 450.000 Finished Goods 450,000 Zeke Company is a manufacturing company that has worked on several production jobs during the 1st quarter of the year. Below is a list of all the jobs for the quarter: Balance Job 356 S 450 Job 357 SI 235 Job 158 S 378 Job 159 $ 689 Job 360 $456 Job 356, 357, 358 & 359 were completed. Jobs 356 & 357 were sold at a profit of $500 on cach job. 28. What is the ending balance of Work in Process for Zeke Company as of the end of the 1st quarter? a. So b. $456 c. $3,208 d $2,752 29. What is the ending balance of Cost of Goods sold for Zeke Company as of the end of the 1st quarter? a $456 b. $2,685 c. $1,685 d. $685 30. What is Gross Margin for Zeke Company as of the end of the 1st quarter? a $1,685 b. $2,685 c. $1,000 d $685 31. If Department I had 600 units, 60% completed, in process at the beginning of the period, 6,000 units were completed during the period, and 700 units were 30% completed at the end of the period, what was the number of equivalent units of production for conversion costs for the period, if the first-in, first-out method is used to cost inventories? a. 7,300 b. 5,640 c. 6,700 d. 5,850