The Holtz Chrome Products Co. manufactures special chromed parts made to the order and specifications of the customer. It has two production departments, stamping pl ating, and two service departments, power and maintenance. In any production department, the job in process is wholly completed before the next job is started. The company operates on a fiscal year which ends May 31. Following is the post- closing trial balance as of May 31: Holtz Chrome Products Co. Post-Closing Trial Balance May 31, Cash Accounts Receivable .. Finished Goods Work in Process Materials Prepaid Insurance Factory Building Accumulated Depreciation-Factory Building Machinery and Equipment Accumulated Depreciation-Machinery and Equipment Office Equipment Accumulated Depreciation-Office Equipment... Vouchers Payable FICA Tax Payable Federal Unemployment Tax Payable.. State Unemployment Tax Payable Employees Income Tax Payable Capital Stock Retained Earnings 19,000 24.200 8,400 2.400 10,000 2.700 60,000 20,000 30,000 15,000 16,000 8,000 3,700 3.120 364 1,404 5,200 100,000 15.912 172,700 172,700 Additional information: 1. The balance of the materials account represents the following: UnitsUnit Cost Materials 8 Factory Supplies Total 100 300 150 $24 S 2.400 3,600 3,000 1,000 $10.000 20 The company uses the FIFO method of accounting for all inventories. Material A is used in the stamping department and materials B and C in the plating department. The balance of the work in process account represents the following costs that applicable to Job 312. (The customer's order is for 1,000 units of the finished product.) 2