Baxter Products Manufactures Office Furniture by Using an Assembly-Line Process

Baxter Products manufactures office furniture by using an assembly-line process. All direct materials are introduced at the start of the process, and conversion costs are incurred evenly throughout the manufacturing process. An examination of the company's work-in-process account for August revealed the following selected information:
Debit side-
August 1 balance: 600 units, 40% complete; cost, $44,600
Production started: 1,800 units
Direct materials used during August: $90,000
August conversion costs: $51,400
Credit side-
Production completed: 1,400 units
Supplementary records disclosed direct material cost of $30,000 and conversion costs of $14,600.
Conversations with manufacturing personnel revealed that the ending work in process was 80% complete.
Required:
A. Determine the number of units in the August 31 work-in-process inventory.
B. Calculate the cost of goods completed during August, and prepare the appropriate journal entry to record completed production.
C. Determine the cost of the August 31 work-in-process inventory.