17. Canning is the last processing department in Rosemary Co.'s factory. Make up your own June 2021 production data for Rosemary's canning department in the following format: $????? $???? Direct Materials (DM) cost transferred to canning in June Direct Labor (DL) cost incurred by canning in June Factory Overhead (FO) cost applied to canning in June Cost of Finished Goods transferred out of canning in June Beginning WIP Inventory-canning balance on June 1 $????? $????? S????? Instructions: i) Make up your own June 2021 production data for the canning department of Rosemary Co. in the format above. ii) Complete Journal Entries in parts a, b, and c. iii) Answer d and e. a) Journal Entry for Direct Materials Cost transferred into the canning department: b) Journal Entry or entries for the Conversion Cost incurred by the canning department: c) Journal Entry for the cost of finished product transferred to finished goods inventory: d) Calculate the ending balance in the WIP Inventory-Canning account (ending Work in Process Inventory cost at the end of June 2021). Indicate "debit" or "credit" with your answer. e) If equivalent units for conversion costs in the canning department are 25,000 units, calculate Rosemary's conversion cost per equivalent unit during June 2021. 17. Canning is the last processing department in Rosemary Co.'s factory. Make up your own June 2021 production data for Rosemary's canning department in the following format: $????? $???? Direct Materials (DM) cost transferred to canning in June Direct Labor (DL) cost incurred by canning in June Factory Overhead (FO) cost applied to canning in June Cost of Finished Goods transferred out of canning in June Beginning WIP Inventory-canning balance on June 1 $????? $????? S????? Instructions: i) Make up your own June 2021 production data for the canning department of Rosemary Co. in the format above. ii) Complete Journal Entries in parts a, b, and c. iii) Answer d and e. a) Journal Entry for Direct Materials Cost transferred into the canning department: b) Journal Entry or entries for the Conversion Cost incurred by the canning department: c) Journal Entry for the cost of finished product transferred to finished goods inventory: d) Calculate the ending balance in the WIP Inventory-Canning account (ending Work in Process Inventory cost at the end of June 2021). Indicate "debit" or "credit" with your answer. e) If equivalent units for conversion costs in the canning department are 25,000 units, calculate Rosemary's conversion cost per equivalent unit during June 2021
