Pre$-$quizDiewert Equipment, a manufacturer of exercise and workout equipment for sale to institutions, uses job costing. The following transactions occurred in January$\mathrm{.}1.$ Purchased $$75,000$ of materials$\mathrm{.}2.$ Incurred $$84,000$ for utilities, power, equipment maintenance, and other miscellaneous items pertaining to the production facility$\mathrm{.}3.$ Issued $$7,200$ of supplies from the materials inventory$\mathrm{.}4.$ Issued $$81,000$ in direct materials to the production department$\mathrm{.}5.$ Direct labor costs of $$77,000$ were credited to Wages Payable$\mathrm{.}6.$ Paid for the materials purchased in transaction $(1)\mathrm{.}7.$ $$14,500$ of indirect labor costs were credited to Wages Payable$\mathrm{.}8.$ Applied overhead was assigned to products at the rate of $150$ percent of direct labor costs$\mathrm{.}9.$ Accrued depreciation on manufacturing property, plant, and equipment of $$21,500\mathrm{.}10.$ Returned $$3,200$ of the supplies in transaction $(3)$ to inventory$\mathrm{.}11.$ Paid the for the wages incurred in transaction $(5)$The following balances appeared in the accounts of Ervin Equipment for January:Beginning EndingMaterials Inventory $$28,300?$Work$-$in$-$Process Inventory $$50,400?$Finished Goods Inventory $$179,200$ $$170,000$Cost of Goods Sold $$245,6004$:$32$

$18$

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Question $5$

$\frac{0}{10}$ pts

Suppose Diewert's accountant decides the MOH balance is material and allocates the amount to the downstream accounts: Work in Process, Finished Goods, and Cost of Goods sold on the basis of the pre$-$adjustment balances in each account. Determine the adjustment rate needed to close the MOH account and adjust the amount of MOH assigned to these accounts. Round to the nearest $$0\mathrm{.}0001$

Question $6$

O $/10$ pts

Determine the amount of adjustment to assign to Work in Process. Use the pre$-$adjustment ending balance of WIP as the basis.

$4$:$32$

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Question $7$

$\frac{0}{10}pts$

Determine the amount of adjustment to assign to Finished Goods. Use the pre$-$adjustment ending balance of $FG$ as the basis.

Question $8$

$\frac{0}{10}$ pts

Determine the amount of adjustment to assign to Cost of Goods Sold. Use the pre$-$adjustment ending balance of CGS as the basis.

Question $9$

O $/10$ pts

Question $9$

$\frac{0}{10}$ pts

Determine the ending balance after adjustment of Work in Process Inventory.

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Question $10$

o $/10$ pts

Determine the ending balance after adjustment of Finished Goods Inventory.