Earth Company is a manufacturer of circult boards. The company's chlef financlal officer is trying to verlfy the accuracy of the ending

work$-$In$-$process and finished goods inventorles prior to closing the books for the year. You have been asked to assist In this

verlfication. The year$-$end balances shown on Earth Company's books are as follows:

Materlals are added to production at the beginning of the manufacturing process, and overhead is applied to each product at the rate

of $60\%$ of direct labour cost. There was no finished goods inventory at the beginning of the year. A revlew of Earth Company's

Inventory and cost records has disclosed the following data, all of which are accurate:

The company uses the weighted average cost method.

Required:

Determine the equivalent units and costs per equivalent unit for materlals, labour, and overhead for the year. $($Round your "Costs per

equivalent unit" to $3$ decimal places.$)$

Answer is complete and correct.

$2$ Determine the amount of cost that should be assigned to the ending work$-$In$-$process and finished goods Inventorles. $($Round

intermediate calculations to $3$ decimal places and final answers to the nearest whole dollar amount.$)$

Answer is complete but not entirely correct.

Prepare the necessary correcting Journal entry to adjust the work$-$In$-$process and finished goods inventorles to the correct balances

as of December $31.($Round intermediate calculations to $3$ decimal places. If no entry is required for a particular transaction, select

$"$No journal entry required" in the first account field.$)$

Answer is not complete.

Determine the cost of goods sold for the year assuming there is no under$-$or overapplied overhead. $($Round intermedlate

calculations to $3$ decimal places and final answers to the nearest whole dollar amount.$)$