Auto$-$Motion is a lean manufacturer of self$-$driving wheelchairs. The company budgets $$560,000$ of conversion costs and $1,600$

production hours for this year. The manufacturing of each wheelchalr requires $25$ production hours and raw materlals costs of $$4,350.$

The company started and completed $85$ wheelchalrs during the year and sold $69.$ Each wheelchair is sold for $$16,000.$ Actual

conversion costs equal applied conversion costs.

Required:

Prepare journal entries to record $($a$)$ the purchase of raw materlals on credit to produce $85$ units, $(b)$ applied conversion costs to the

production of $85$ units, $(C)$ actual conversion costs of $$743,750($credit "Various Accounts"$),($d$)$ sale of $69$ units on credit, and $($e$)$ ending

inventory and cost of goods sold.

Compute the ending balances of Work In Process Inventory and Finished Goods Inventory. Assume each of these Inventory

accounts began the year with a balance of zero.

Complete this question by entering your answers in the tabs below.

Prepare journal entries to record $($a$)$ the purchase of raw materials on credit to produce $85$ units, $(b)$ applied conversion costs to the

production of $85$ units, $($c$)$ actual conversion costs of $$743,750($credit "Various Accounts"$),(d)$ sale of $69$ units on credit, and $(e)$ ending

inventory and cost of goods sold.