5) The accounts of Melissa Manufacturing showed the kilkowing balances at the beginning of Decemibse 5) Raw Materials Invent Work- in- Process Inventot inished Goods Inventor Manufacturing Overhead $59,00 24,000 The following transactions took place during the month: December 2: Issued direct materials $39,000 and indirect materials $6000 to production December 15. Incurred $500 and $4000ward factory's direct 1'bor cost ^nd indirect labor cost, What should be the balance in the Work- in Process Inventory follkowing these transactions? D) $79,000 A) $119,000 13) $69,000 C) $80,000 6) At the end of the year, Metro, Inc. has an unadjusted credit balance in the Manufacturing Overheasd 6) account of $890, Which of the following is the year- end adjusting entry needed to adjust the account? A) A debit to Manufacturing Overhead of 5890 and a credit to Finished Goods Inventory of 5890 B) A debit to Manufacturing Overbead of $890 and a credit to Cost of Goods Sold of $890 C) A debit to Cost of Goods Sold of $890 and a credit to Finished Goods Inventory of $890 D) A debit to Cost of Goods Sold of $890 and a creditto Manufacturing Overhead of $890 7) The four-steps o r tracking product cossina priess costing system re- 7) A) accumulate, assign, allocate, and adjust B) arrive, analyze, assume, and allocate C) assign, analyze, approximate, and allocate D) verify, analyze, record, and adjust 8) Paraquat Manufacturing produces a chemical herbicide and uses process costing. There are three8 processing departments-Mixing, Refining, and Packaging. On January 1, the first department -Mixing-had a zero beginning balance. During January, 42,000 gallons of chemicals were started into production. During the month, 34,000 gallons were completed, and 8000 remained in process partially completed. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process During January, the Mixing Department incurred $63,000 in direct materials costs and $240,000 in conversion costs. At the end of the month, the ending inventory in the Mixing Department was 60% complete with respect to conversion costs. First, calculate the equivalent units, then calculate the cost per equivalent unit, and then calculate the total cost of the product that was completed and transferred out during January. The weighted- average method is used. The total cost of product transferred out was (Round any intermediate calculations two d places, and your final answer to the nearest dollar.) A) $240,000 B) $303,000