please answer F, G, H, I, J

PROCESS COSTING PI UNITS COMPLETED IN MAY UNITS ENDING .NVENTORY IN WIP 100.000 20.000 8096 COMP MATL 2096 COMP CONVERSON a6a S 464.00oo S 312,00o $ 1oo,o00 MATERIAL COSTS INCURRED DURING THEMONTH CONVERSION COSTS INCURRED DURING THE MONTH OPERATING EXPENSES USING THE WEIGHTED AVERAGE METHOD COMPUITE: EQUIVALENTUNITS OF PRODUCTION FOR MATERIAL AND CONVERSION UNIT COST F() R A TERIAL AND CONVERSO) N EUP TOTAL COST FOR COMPLETED UNITS DCOSTS FOR ENDING WORK IN PROCESS Roc 40,00o UNITS ARE SOLD FOR S20/UNIT MAKE THE ENTRY FOR THE SALE SLLE SALE MAKE THE ENTRY FOR THE COST OF SALE PREPARE AN INCOME STATEMENT F WHAT IS THE ENDING COMPLETED GOODS BALANCE IN UNITS AND IN DOLLARS AFTER THE SALE G MAKE THE ENTRY FOR COST OF GOODS MANUFACTURED H WHAT IS THE TOTAL MANUFACTURING COST FOR MAY OH IS 60% OF DIRECT LABOR WHAT IS THE TOTAL PRIME COST | J WHAT IS THE TOTAL CONVERSION COST Solution A: Rate answer here Computation of Equivalent unit of Production - Weighted Average Particulars Physical Units Material Conversion Units accounted for: Unit completed & Transferred out 100000 100000 100000 Ending WIP 20000 Material (80%) 16000 conversion (20%) 4000 Equivalent units of production 120000 116000 104000 Solution B: Computation of Cost per equivalent unit of Production - Weighted Average Particulars Material Conversion Total Opening WIP 0.00 $0.00 $0.00 Cost Added during the month $464,000.00$312,000.00 776,000.00 Total cost to be accounted for $464,000.00 $312,000.00 $776,000.00 Equivalent units of production 116000 104000 Cost per Equivalent unit $4.00 $3.00 $7.00 Solution C and D: Computation of Cost of ending WIP and units completed & transferred out Concord Company Particulars Materia Conversion Total Equivalent unit of Ending WIP Cost per equivalent unit Cost of Ending WIP (Equivalent unit* Cost per 16000 4000 $4.00 $3.00 equivalent unit) Units completed and transferred Cost of units completed& Transferred (Unit completed* $64,000 $12,000o $76,000 100000 100000 cost per equivalent unit) $400,000 $300,000 $700,000 Solution E: Journal Entries Event Particulars Debit Credit 1 Accounts receivables Dr $800,000.00 To Sales revenue $800,000.00 (To record sales) 2 Cost of goods sold Dr (40000*$7) $280,000.00 To Finished goods inventory $280,000.00 (To record cost of sales) Income statement Particulars Amount Sales Cost of goods sold Gross profit Operating expenses Net operating income $800,000.00 $280,000.00 $520,000.00 $100,000.00 $420,000.00