1. Jones Co. manufactures a product called Zens in a three-process series. All materials are introduced at the beginning of the first process. Jones uses the first-in, first-out method of inventory costing. Unit and cost data for the first process (Department A) for the month of October 2007 follow: Units Completion Cost $140,400 Conversion Work in process inventory: October 1 October 31 Started in October Direct materials cost Conversion cost Completed in October 12,000 5,000 14,000 60% 40% 106,400 70,310 21,000 Prepare Jones' Department A cost of production report for October. (See pages 935 & 944-945 of the text) Show your calculations in the space below: 2. Make the appropriate journal entry to transfer the cost of the completed units out of this department (assume that this is the last production department). Steps 1&21 EQUIVALENT UNITS [ Step 3] [Step 4] General Journal POST. ACCOUNTS AND EXPLANATIONS REF. DATE DEEBIT CREDIT