Additional Exercise 7.7 Process costing under weighted average, speliape, journal entries Victoria's Closet mass produces uxurious sleepwear for women. Consider the fellowing data for the Flannel Night Cown Department far the month of January. All direct materials are added at the beginning af production in the department, and converson costs are noned evergy throughout preduction Inspection occurs hen production as 100% completed Normal spoa9e as 7,920 units for the month. Physical Units 13,200 88,800 Beginning WIP (25% complete) Started duting January Good units completed and braalerred out during current period 13,200 From beginning work in process Sterted and completed 9,600 Spoiled unts ending wip (71% complete) Totel accounted for Beginning WIP s 264,000 00,000 1,776,000 Direct materials Totel beginning Wi Costs added during ourrent peri 30,40 Conversion casts Costs to account for Required Prepare a process cost report using the weighted average method. (Round all answers to zero decimal places.) Weighted Average Units Costs Total units completed and transferred out: Good units Normal spoilage Total transferred out Abnormal spoilage Ending WIP Direct materials Conversion costs Total ending WIP cost Total Good Units Accounted For Total Accounted For Write out the journal entries for this period's work. (Round answers to 0 decimal places.) Write out the journal entries for this period's work. (Round answers to O decimal places.) Description Debi Credit To record the cost of raw materials used in production during January.) To record the conversion costs incurred in To record the cost of 73,200 units transferred to inished goods during January (includes the cost of normal spoilage).) To record the cost of abnormal spoilage during