Elmhurst Partss initial and unaudited records show the following ending inventory balances, which must be adjusted to actual costs.

	Units	Unaudited Costs
Work-in-process inventory	160,000	$	803,992
Finished goods inventory	19,000		349,640

As the auditor, you have learned the following information. Ending work-in-process inventory is 40 percent complete with respect to conversion costs. Materials are added at the beginning of the manufacturing process, and overhead is applied at the rate of 80 percent of the direct labor costs. There was no finished goods inventory at the start of the period. The following additional information is also available.

			Costs
	Units		Direct Materials		Direct Labor
Beginning inventory (80% complete as to labor)	82,000	$	327,000	$	805,000
Units started	480,000
Current costs			1,640,000		2,224,000
Units completed and transferred to finished goods inventory	402,000

Required:

(a)

Prepare a production cost report for Elmhurst using the weighted-average method. (Hint: You will need to calculate equivalent units for three categories: materials, labor, and overhead.) (Round your answer to 2 decimal places.)

How can I get the cost tobe accounted for overhead?

I only have data for direct materials($327.000, $1640000) and direct labor ($$805000, $2224000)

(b)	Show the journal entry required to correct the difference between the unaudited records and actual ending balances of Work-in-Process Inventory and Finished Goods Inventory. Debit or credit Cost of Goods Sold for any difference. Please show work. Thanks