everything that was listed in the problem is posted.

Book Walton Corporation builds sailboats. On January 1 Year 3, the company had the following account balances: $80,000 for both cash and common stock. Boat 25 was started on February 10 and Anished on May 31. To build the boat, Walton had incurred cash costs of $6,100 for labor and $6,000 for materials. During the same period, Walton paid $11.520 cash for actual manufacturing overhead costs. The company expects to incur $256,500 of indirect overhead cost during Year 3. The overhead is allocated to jobs based on direct labor cost. The expected total labor cost for the year is $135,000. Walton uses a just-in-time inventory management system. Consequently, it does not have raw materials inventory. Raw materials purchases are recorded directly in the Work in Process Inventory account Required a. Use the horizontal financial statements model, to record Walton's business events. The first row shows beginning balances. b. If Walton desires to earn a profit equal to 30 percent of cost, for what price should it sell the boat? c. If the boat is not sold by year-end, what amount would appear in the Work in Process Inventory and Finished Goods Inventory on the balance sheet for Boat 25? d. Is the amount of inventory you calculated in Requirement c the actual or the estimated cost of the boat? ferences Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Use the horizontal financial statements model, to record Walton's business events. The first row shows beginning balances. (Do not round Inter Enter any decreases to account balances with a minus) Income Statement Balance Sheet Assets Finished Manufacturing nu Equity Common Retained RE Work in Dunn Cush Revenue Expense Complete this question by entering your answers in the tabs below. aints eBook Required A Required B Required cRequired D Use the horizontal financial statements model, to record Walton's business events. The first row shows beginning balances. (Do not Enter any decreases to account balances with a minus sign.) Hint References Income Statement Balance Sheet Assets Finished Manufacturing Goods Overhead Cash Work in Process Equity Common Retained Stock earings 30,000 Revenue - Expense Net Income 80,000+ + # + + 80,000+ 0 + 04 0 = 80.000 + 0- 0 0 Required 8 > purchases are recorded directly in the Work in Process Inventory account. Required a. Use the horizontal financial statements model, to record Walton's business events. The first row shows beginning balances. b. If Walton desires to earn a profit equal to 30 percent of cost, for what price should it sell the boat? c. If the boat is not sold by year-end, what amount would appear in the Work in Process Inventory and Finished Goods Inventor the balance sheet for Boat 25? d. Is the amount of inventory you calculated in Requirement c the actual or the estimated cost of the boat? * Complete this question by entering your answers in the tabs below. Required A Required B Required Required D If Walton desires to earn a profit equal to 30 percent of cost, for what price should it sell the boat? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Desired price Required A Required) CH 1 purchases are recorded directly in the Work in Process Inventory account. Required a. Use the horizontal financial statements model, to record Walton's business events. The first row shows beginning balance b. If Walton desires to earn a profit equal to 30 percent of cost, for what price should it sell the boat? c. If the boat is not sold by year-end, what amount would appear in the Work in Process Inventory and Finished Goods Inven the balance sheet for Boat 25? d. Is the amount of inventory you calculated in Requirement the actual or the estimated cost of the boat? 0 boints Book Hint Complete this question by entering your answers in the tabs below. Seferences Required A Required B Required Required D If the boat is not sold by year-end, what amount would appear in the Work in Process Inventory and Finished Goods Inventory on the balance sheet for Boat 25? (Do not round intermediate calculations.) Work in process inventory Finished goods inventory Required a. Use the horizontal financial statements model, to record Walton's business events. The first row show b. If Walton desires to earn a profit equal to 30 percent of cost, for what price should it sell the boat? c. If the boat is not sold by year-end, what amount would appear in the Work in Process Inventory and F the balance sheet for Boat 25? d. Is the amount of inventory you calculated in Requirement c the actual or the estimated cost of the boa Book Hint Complete this question by entering your answers in the tabs below. ferences Required a Required B Required C Required D Is the amount of inventory you calculated in Requirement c the actual or the estimated cost of the boat? The amount of inventory in