Arrow Industries manufactured 19,000 units of product during May and paid $61,000 for direct labor, $12,000 indirect labor, and $45,000 for selling and administrative staff. The Journal entry to record the transaction is: Credit A) WIP Inventory Cash Debit 118,000 118,000 118,000 118,000 B) Wages and Salaries Expense Cash C) WIP Inventory FOH Wages and Salaries Expense Cash D) WIP Inventory Wages and Salaries Expense Cash 61,000 12,000 45,000 118,000 73,000 45,000 118,000 The following displays Logan Company's operation results at a volume of 20,000 units. Production capacity is 30,000 units. Sales Variable Costs Fixed Costs Net Profit (Loss) $640,000 -364,000 -300.000 ($24,000) If Logan increases sales volume by 8,000 units, what would be net profit (loss)? Shaw Company manufactures different jobs. The wages of the plant supervisor can be classified as Conversion Cost Yes Yes No Yes Manufacturing cost Yes Yes Yes Yes Prime cost No Yes Yes No Product Cost No Yes No Yes