Old tyme soda produces one flavor of a popular local soft drink. it had no work-in-process on october 31 in its only inventory account. during november, old tyme started 12,000 barrels. work-in-process on november 30 is 2,200 barrels. the production supervisor estimates that the ending work-in-process inventory is 40 percent complete. an examination of old tyme’s accounting records shows direct material costs of $27,806 and conversion costs of $30,400 for november. all production is sold as it is produced. required: a. compute cost of goods sold for november. b. what is the value of work-in-process inventory on november 30? c. the president tells the controller that stock analysts expect higher income for the month and asks the controller to change the production manager’s estimate about the ending work-in-process inventory. (1) if the controller wanted to comply with the president’s request, would he raise or lower the estimated percentage complete from the 40 percent estimate of the production supervisor? (2) what should the controller do?

The chromosome manufacturing company produces two products, x and y. the company president, jean mutation, is concerned about the fierce competition in the market for product x. she notes that competitors are selling x for a price well below chromosome's price of $13.50. at the same time, she notes that competitors are pricing product y almost twice as high as chromosome's price of $12.50.ms. mutation has obtained the following data for a recent time period: product x product y number of units 11,000 3,000 direct materials cost per unit $3.23 $3.09 direct labor cost per unit $2.22 $2.10 direct labor hours 10,000 3,500 machine hours 2,100 1,800 inspection hours 80 100 purchase orders 10 30ms. mutation has learned that overhead costs are assigned to products on the basis of direct labor hours. the overhead costs for this time period consisted of the following items: overhead cost item amount inspection costs $16,200 purchasing costs 8,000 machine costs 49,000 total $73,200using direct labor hours to allocate overhead costs determine the gross margin per unit for product x. choose the best answer from the list below.a. $1.93b. $3.12c. $7.38d. $2.43e. $1.73using activity-based costing for overhead allocation, determine the gross margin per unit for product y. choose best answer from list below.a. $10.07b. ($2.27)c. ($5.23)d. ($7.02)e. $7.02