I. Under the assumption of Actual factory overhead cost 4,000 and Applied factory overhead cost 3,500 calculate over or under factory overhead cost and show the correction journal entry.

II. costs completed percent

Beginning inventory: 8,060 D.material 100%

5,000units 1,300 Conversions 40%

Completed units during the month 31,000 units

Ending inventory: 2,000 units 100% completed for d.materials and 50% for conversions costs

D. materials costs added in current month 41,440

Conversions costs added in current month 14,700

Calculate completed product costs under the assumption of Weighted Average Method and Show the related journal entry.