30. a. Determine the units to be accounted for and units accounted for; then calculate the equivalent units for direct materials, direct labor, and overhead. (Hint: This requires performing step 1 of the four-step process.) b. Calculate the cost per equivalent unit for direct materials, direct labor, and overhead. (Hint: This requires performing step 2 and step 3 of the four-step process.) c. Assign costs to units transferred out and to units in ending WIP inventory. (Hint: This requires performing step 4 of the four-step process.) d. Confirm that total costs to be accounted for (from step 2) equals total costs accounted for (from step 4). Note that minor differences may occur due to rounding the cost per equivalent unit in step 3. e. Explain the meaning of equivalent units. Production Cost Report: Weighted Average Method. Refer to Exercise 28. Prepare a production cost report for Varian Company for the month of January using the format shown in Figure 4.9 "Production Cost Report for Desk Products Assembly Department". Process Costing Journal Entries. Westside Chemicals produces paint thinner in three processing departments Mixing, Testing, and Packaging. Transactions for the month of September are shown as follows. 1. Direct materials totaling $80,000 are requisitioned and placed into production$60,000 for the Mixing department, $11,000 for the Testing department, and $9,000 for the Packaging department. 2. Direct labor costs (wages payable) incurred by each department are as follows: Mixing $35,000 Testing $25,000 Packaging $18,000 3. Manufacturing overhead costs are applied to each department as follows: Mixing $17,500 Testing $12,500 Packaging $ 6,000 4. Products with a cost of $55,000 are transferred from the Mixing department to the Testing department. 5. Products with a cost of $86,000 are transferred from the Testing department to the Packaging department. 6. Products with a cost of $100,000 are completed and transferred from the Packaging department to the finished goods warehouse. 7. Products with a cost of $81,000 are sold to customers. Required: h. Prepare journal entries to record each of the previous transactions. i. In general, how does the process costing system used here differ from a job costing system?