For Jennie Electric Company, how much is the average cost for direct materials? Hide answer choices A $52.00 B $27.00 $26.50 D) $26.51 For Jennie Electric, which is the correct journal entry to record the transfer of the completed units to the finished goods warehouse? Hide answer choices DR WIP 149,150 CR Finished Goods 149,150 DR Finished Goods 149,150 CR WIP 149,150 C DR Finished Goods 149,150 CR Various Accounts 149,150 DR Inventory 149,150 CR Accounts Payable 149,150 For Jennie Electric Company, which is the correct entry to record the conversion costs? Hide answer choices ~ . DR WIP 89,500 CR Various Accounts 89,500 B DR WIP 89,500 CR Conversion Costs 89,500 DR Finished Goods 89,500 CR Various Accounts 89,500 DR Factory Overhead 89,500 CR Various Accounts 89,500 Problem 2 Jennie Electric manufactures several products, including an electric garage door opener called the Door Magic. Door Magics are completely processed in one department and are then transferred to the finished goods warehouse. All manufacturing costs are applied to Door Magic units at a uniform rate throughout the production process. The following information is available for July: Summary of Units Beginning Work in Process..... .400 Units started.......... 1,800 Units completed and transferred to finished goods 1,900 Ending Work in Process (100% complete as to materials and 70% complete as to conversion costs)........... 300 $ 24,820 Summary of Costs Beginning Work in Process: (direct materials $4,600, conversion costs $20,220). Manufacturing costs incurred in July: Direct materials Conversion costs Total costs to account for.. 53,700 89.500 $168,020