Questions:
1. During March, Hatch Company incurred factory overhead costs as follows: indirect materials, $800; indirect labor, $3,400; utilities cost, $1,600; and depreciation, $2,500. Journalize the entry to record the factory overhead incurred during March.
2. Nejedly Company completed 80,000 units during the year at a cost of $680,000. The beginning finished goods inventory was 10,000 units at $80,000. Determine the cost of goods sold for 60,000 units, assuming a FIFO cost flow.