A manufacturing company produces custom furniture. Provide the necessary journal entries for the following transactions: a. Purchased raw materials on credit. b. Issued raw materials to production. c. Incurred factory overhead costs. d. Completed Job X. e. Sold Job X on credit.

Include the calculations for predetermined overhead rate and the allocation of overhead to Job X.

·Process Costing: XYZ Manufacturing uses process costing to track the production of chocolate bars. Given the following information for the Mixing Department in April:

• Beginning Work in Process: 10,000 units, 60% complete
• Units started and completed during April: 50,000 units
• Ending Work in Process: 12,000 units, 40% complete
• Costs incurred: Direct Materials - $80,000, Direct Labor - $60,000, Overhead - $40,000

Calculate the equivalent units of production for direct materials and conversion costs. Also, determine the cost per equivalent unit for direct materials and conversion costs.