To transfer raw materials to production, record direct labor costs on job, and apply overhead at the predetermined rate 8-9.X5 Finished Goods WIP To transfer completed units to finished goods inventory 8105 Cash 4,000 Sales 4,000 To record sale of finished awning for $4,000 8-10-x5 Cost of Goods sold 2,200 Finished goods inventory 2,200 To transfer finished goods to cost of goods sold What is the Net Income at the end of the period in the Income Statement? Question 5 What is the Total Inventory balance at the end of the period in the Balance Sheet? Question 6 What is the Total Asset balance at the end of the period in the Balance Sheet? What is the Retained Earnings account balance at the end of the period (as mentioned before, no Dividend has been declared) in the Equity section of the Balance Sheet? Question 8 1 pts What is the Total Equity Balance at the end of the period in the Balance Sheet? Question 9 1 pts What is the Total Liability balance at the end of the period in the Balance Sheet? To transfer raw materials to production, record direct labor costs on job, and apply overhead at the predetermined rate 8-9.X5 Finished Goods WIP To transfer completed units to finished goods inventory 8105 Cash 4,000 Sales 4,000 To record sale of finished awning for $4,000 8-10-x5 Cost of Goods sold 2,200 Finished goods inventory 2,200 To transfer finished goods to cost of goods sold What is the Net Income at the end of the period in the Income Statement? Question 5 What is the Total Inventory balance at the end of the period in the Balance Sheet? Question 6 What is the Total Asset balance at the end of the period in the Balance Sheet? What is the Retained Earnings account balance at the end of the period (as mentioned before, no Dividend has been declared) in the Equity section of the Balance Sheet? Question 8 1 pts What is the Total Equity Balance at the end of the period in the Balance Sheet? Question 9 1 pts What is the Total Liability balance at the end of the period in the Balance Sheet