correct? 🙂 Using a spreadsheet prepared in Excel and based on the information provided in the next section, complete the following requi sunglasses. manufacturing process starts by placing hot melted plastic molds for the frames. After the molds are cooled, the The Work-in-process account has the following information Beginning Work-in-Process contains o frames Ending Work-in-Process = Recap of steps for Part 2: Q1)estimated OH/estimated prod units= $40000/2000=2 Q2) Beg lax+Units started=5400+20000=25400 Q Plastic 0 s s 0 Cost of Production Report lenses Conversion cost Total cost Beginning Balance 0 0 Beginning Cost tranfered in Therefore, over applied conversion costs = 1,400, over applied E. Gross Margin Gross Margin – Sales – COGS – 455,598.00 F. In G.) Record the transfer of goods from WIP to FG Dr 16000 $419,860.00 Cr 15000 $419,860.00 H.) Record the sale of goods on acc
