4. Calculate the unadjusted cost of goods sold (COGS) for the year

5. Calculate the adjusted cost of goods sold (COGS) for the year, and record the corresponding adjusting J/E. Assuming we close the entire MOH difference to COGS.

6. Assume Weber Co’s sales to customers this year totaled $81,000. Also, Weber Co’s period costs for the year totaled $8,000. Create a simple, traditional format income statement for Weber Co. for the year, stopping at Operating Profit.

Use the following info. for Weber Company, which has a calendar year fiscal year (Jan. 1* to Dec. 31"). Balance as of- Balance as of Dec. 31 $65,000 $30,000 $63,000- Account Jan. 14 $85,000 $20,000 $49,000 RM Inv. WIP Inv. FG Inv.e Materials started into production during the year DL cost incurred during the year MOH Applied/Allocated - during the year In addition to indirect materials, other actual MOH costs totaled $8.000 this year. $5,000, of which $10,000 are indirect materials $20,000 $15,000- 1. Calculate the amount of materials purchased this year and record the corresponding J/E (journal entry).+ 2. Calculate the total current manufacturing costs for the year. 3. Calculate the cost of goods manufactured (COGM) this year and record the corresponding JE. ttt