(6-9) Answer the following questions using the information below: Stefan Ceramics is in the business of selling ceramic vases. It has two departments - molding and finishing. Molding department purchases tungsten carbide and produces ceramic vases out of it. Ceramic Vases are then transferred to finishing department, which completes coating During the month of July, molding department purchased and used 500 kgs of tungsten carbide at $60 per kg. Tungsten carbide is added at the start of the process. It started manufacture of 4,000 vases and completed and transferred 3.200 vases during the month. It has 800 vases in the process at the end of the month. It incurred direct labor charges of $1,000 and other manufacturing costs of $500, which included electricity costs of $200. Stefan had no inventory of tungsten carbide at the beginning and end of the month. It also had no beginning inventory of vases. The ending inventory was 100% complete with respect to direct materials and 50% complete with respect to conversion costs. The journal entry to record tungsten carbide purchased and used in production during July is Dr) Work in Process-Molding $24,000 C) Accounts Payable Control $24,000 Dr) Accounts Payable Control $30.000 CH) Work in Process-Molding $30.000 Dr) Accounts Payable Control $24,000 Cr) Work in Process-Molding $24,000 Dr) Work in Process-Molding $30,000 Cr) Accounts Payable Control $30,000 The journal entry to record direct labor for July is Dr) Work in Process-Molding $3,000 Cr) Accounts Payable Control $3,000 Dr) Work in Process-Molding $1,000 Cr) Wages Payable Control $1,000 Dr) Work in Process-Molding $1,000 Cr) Overhead Control $1,000 Dr) Work in Process-Molding $1,000 Cr) Work in Process-Finishing $1,000 What is the total conversion costs for the month of July? $1,500 $1,000 $1,300 $1,700 What is the cost of tungsten carbide that will be assigned to vases finished and transferred to the finishing department for the month of July! $24,000 $28,000 $26,000 $30,000