Department A had 4,400 units in Work in Process that were 75% completed at the beginning of the period at a cost of $6,700. During the period, 29,500 units of direct materials were added at a cost of $61,950, and 31,500 units were completed. At the end of the period, 2,400 units were 29% completed. All materials are added at the beginning of the process. Direct labor was $26,300 and factory overhead was $5,500. The cost of the 2,400 units in process at the end of the period if the first-in, first-out method is used to cost inventories was

On june 3, teal company sold to chester company merchandise having a sale price of $2,600 with terms of 2/10, n/60, f.o.b. shipping point. an invoice totaling $91, terms n/30, was received by chester on june 8 from john booth transport service for the freight cost. on june 12, the company received a check for the balance due from chester company. prepare journal entries on the teal company books to record all the events noted above under each of the following bases. (1) sales and receivables are entered at gross selling price. (2) sales and receivables are entered at net of cash discounts.