Sifton electronics corporation manufactures and assembles electronic motor drives for video cameras. the company assembles the motor drives for several accounts. the process consists of a lean cell for each customer. the following information relates only to one customer's lean cell for the coming year. projected labor and overhead, $7,370,000; materials costs, $28 per unit. planned production included 4,000 hours to produce 27,500 motor drives. actual production for august was 1,600 units, and motor drives shipped amounted to 1,380 units. from the foregoing information, determine the budgeted cell conversion cost per unit.

Due to rapid employee turnover in the accounting department, the following transactions involving intangible assets were improperly recorded by bridgeport corporation. 1. bridgeport developed a new manufacturing process, incurring research and development costs of $195,600. the company also purchased a patent for $45,200. in early january, bridgeport capitalized $240,800 as the cost of the patents. patent amortization expense of $12,040 was recorded based on a 20-year useful life. 2. on july 1, 2017, bridgeport purchased a small company and as a result recorded goodwill of $52,000. bridgeport recorded a half-year’s amortization in 2017, based on a 20-year life ($1,300 amortization). the goodwill has an indefinite life. prepare all journal entries necessary to correct any errors made during 2017. assume the books have not yet been closed for 2017.