B wore=&taessignmentSessionLocatorinprogress=false Flow of Costs and Income Statement Technology Accessories Inc. is a designer, manufacturer, and distributor of accessories for consumer electronic products. Early in 2013, the company began production of a leather cover for tablet computers, called the iLeather. The cover is made of stitched leather with a velvet interior and fits snugly around most tablet computers. In January 1769,000 was spent on developing marketing and advertising materials. For the first of 2013, the company spent an additional $1,403,000 promoting the Leather. The product was ready for manufacture on January 21, 2013. Technology Accessories Inc. uses a job order cost system to accumulate costs for the Leather Direct materials unit costs for the leather are as follows: Leather $10.00 Velvet 5.00 Packaging 0.40 Total $15.40 The actual production process for the iLeather is fairly straightforward. First, leather is brought to a cutting and stitching machine. The machine cuts the leather and stitches an exterior edge into the product. The mach requires one hour per 130 Leathers After the Leather is cut and stitched, it is brought to assembly, where assembly personnel affix the velvet interior and pack the Leather for shipping. The direct labor cost for this work is $0.50 per unit. The completed packages are then sold to retail outlets through a sales force. The sales force is compensated by a 20% commission on the wholesale price for all sales. Total completed production was 550,000 units during the year. Other information is as follows: Number of Leather units sold in 2073510,000 Wholesale price per unit $40 Factory overhead cost is applied to jobs at the rate of $1,300 per machine hour. There were an additional 22,000 cut and stitched Leathers waiting to be assembled on December 31, 2013 In your computations, if required, round interim per unit costs to two decimal places and final answers to the nearest whole dollar, Required: Check My Work Process Cost Journal Entries In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $591,000. The conversion cost for the period in the Rolling Department is $107.300 (563,300 factory overhead applied and $44,000 direct labor). The total cost transferred to Finished Goods for the period was $500,000. The Rolling Department had a beginning Inventory of $23,400. the most of transferred in materials. If an amount box does not require an entry, leave it blank