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Question 3 Archetype Fabrication makes pre stred concrete forms for the building industry. They use ist in time production and accounting methodology. At the beginning
Question 3 Archetype Fabrication makes pre stred concrete forms for the building industry. They use ist in time production and accounting methodology. At the beginning of lected account balances are shown in the accounts below Raw and in-process inventory 2,000 Conversion costs Finished goods inventory 3.500 Cost of goods sold Duringjanuary, the following transactions take place 1 Purchase $40.000 of materials on account Payout $35.000 of direct labor com 3. Tour 1.000 of manufacturing overhead costs 4 Complete 17 unitsEach unit includes $1.500 of materia, 300 g dira ber, and 15 of manufacturing what costs 5 Sel 10 of the 12 completed units at a price of $2,200 Use the accounts shown above to record the transactions and jumalate and ending balances of raw and inprocess inventory and shed goods Your
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