Computing equivalent production; preparing a cost of production report for three departments; making journal entries. The departmental supervisors of Creative Toys International have submitted the monthly production reports for July 19X8. These reports have been summarized, and the result is shown below.

The materials requisition journal shows issues of raw materials as follows:
Distribution Amount Shaping Department $1,580 Painting Department 3,000 Finishing Department 6,830 The monthly payroll register shows the following totals:
Distribution Amount Shaping Department $3,096 Painting Department 2,966 Finishing Department 1,366 The schedule of monthly overhead charges from the worksheet for prorating the costs of the General Factory Department to the producing departments shows the following figures:
Distribution Amount Shaping Department $6,192 Painting Department 1,483 Finishing Department 683 Instructions 1. Prepare the equivalent production computations for each department.
2. Prepare the cost of production report for each department.
3.

a. Prepare the general journal voucher to record the transfer of goods from the Shaping Department to the Painting Department. Number the voucher 7-13.

b. Prepare the general journal voucher to record the transfer of goods from the Painting Department to the Finishing Department. Number the voucher 7-14.

c. Prepare the general journal voucher to record the completion of goods and the transfer to Finished Goods. Number the voucher 7-15.

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Quantity Started in Production- Shaping Painting Finishing Department Department Department Current Month 1,580 -0- -0- Transferred In From Prior Department -0- 1,500 1,385 Transferred Out to Next Department 1,500 1,385 -0- Transferred Out to Finished Goods -0- -0- 1,360 Work in Process-Ending 80 115 25 Stage of Completion of Ending Work in Process Materials complete complete 25% Labor 60% 85% 25% Overhead 60% 85% 25%