) Mody Inc. has provided the following data for the month of July. The balance in the Work in Process inventory account was $20,000 at the beginning of the month and $10,000 at the end ' of the month. During the month, the Corporation incurred direct materials cost of $50,000 and direct labor cost of $22,000. The actual manufacturing overhead cost incurred was $58,000. 1 The manufacturing overhead cost applied to Work in Process was $56,000. How much is the cost of goods manufactured? ; Layna Co. uses the weightedaverage method in its process costing system. Operating data for the first processing department for the month of June appear below: Units Percent Complete with Respect to Conversion Beginning work in process inventory 33,600 40% Started into production during June 120,400 Ending work in process inventory 26,600 20% Units transferred out 127,400 According to the company's records, the conversion cost in beginning work in process inventory was $68,064 at the beginning of June. Additional conversion costs of $585,324 were incurred in the department during the month. What is the cost per equivalent unit for conversion costs for the month? Laila company reports the following data: Total Per Unit Sales $300,000 20 Variable expenses 180,000 12 Contribution margin 120,000 Fixed expenses 100,000 Net operating income $20,000 What is the amount of increase in net income if sales volume increases by 40%