Omaha LLC had the following inventory amounts: 9/30/2020 12/31/2020 Raw materials 3376 3576 WIP 4568 4372 Finished goods 3535 pDuring Q4 2020, the company purchased $7234 of raw materials. In addition, the firm incurred the following costs during the quarter: direct labor of $3650, variable manufacturing overhead of $2532, fixed manufacturing overhead of $3001, variable non-manufacturing overhead of $4077, and fixed non-manufacturing overhead of $5402. Cost of goods sold in Q4 was 15317. Omaha uses full absorption costing. How much raw materials did Omaha transfer to WIP in Q4 2020?

Due to rapid employee turnover in the accounting department, the following transactions involving intangible assets were improperly recorded by bridgeport corporation. 1. bridgeport developed a new manufacturing process, incurring research and development costs of $195,600. the company also purchased a patent for $45,200. in early january, bridgeport capitalized $240,800 as the cost of the patents. patent amortization expense of $12,040 was recorded based on a 20-year useful life. 2. on july 1, 2017, bridgeport purchased a small company and as a result recorded goodwill of $52,000. bridgeport recorded a half-year’s amortization in 2017, based on a 20-year life ($1,300 amortization). the goodwill has an indefinite life. prepare all journal entries necessary to correct any errors made during 2017. assume the books have not yet been closed for 2017.