Baxley Products manufactures office furniture by using an assembly-line process. start of the process, and conversion cost is incurred evenly throughout manufacturing. All direct materials are introduced at the It uses absorption costing for financial performance evaluation and applies overhead based on machine-hours. Data concerning manufacturing overhead (MOH) incurred machine hours (MH) used for the last seven years foll ow. Currently, Baxley is using weighted-average method of process costing Year Plant-wide MOHS Machine Hours Used 2011 $245,800 2012 S246,250 2013 S354,820 2014 8353,800 2015 S302,700 2016 $276,400 2017 $254,200 16,380 6,250 16,320 27,200 28,200 22,400 19,600 It has a practical capacity of 20,000 MH per year. It's normal capacity is estimated to be 18,000 MH An examination of the company's Work-in-Process account for August revealed the following selected information August 1 balance: 600 units, 40% complete; cost, $44.600* Production started: 1800 units Direct materials used during August: $90,000 MH used during August: 2,000 (within Baxley's production relevant range) August direct labor cost: $25,066.67 Production completed:,400 units Supplementary records disclosed direct material cost of $30,000 and conversion cost of $14,600. Conversations with manufacturing personnel revealed that the ending work in process was 80% complete. Required A. Determine the number of units in the August 31 work-in- process inventory B. Calculate the cost of goods completed during August, and prepare the appropriate journal entry to record completed production. C. Determine the cost of the August 31 work-in-process inventory D. What the factors Baxley needs to consider for switching to FIFO process costing