Business, 25.08.2021 04:10 kee387

9. The Kwanika Co. operates in a lean manufacturing environment. During its first year of operations, Kwanika budgeted for 40,000 hours in the production of 100,000 units in its cell X-22. Material costs were $7 per unit. Cell X-22 conversion costs were budgeted for the year as follows: Direct and indirect labor $ 900,000 Machine depreciation 125,000 Maintenance and supplies 375,000 Utilities 225,000 Total $1,625,000 During January, material for 8,400 units was purchased on account. There were 8,200 units manufactured and 8,000 were sold shipped to customers for $35 each. Journalize: (a) the material purchases; (b) the application of conversion costs; (c) the transfer from work in process to finished goods; and (d) the sales (were made on account) and associated cost of goods sold for the month of January

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9. The Kwanika Co. operates in a lean manufacturing environment. During its first year of operations...

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