Cal Corporation uses a process cost accounting system.

Materials are added at the beginning of the process.

Direct labor and Overhead are added evenly throughout the process.

The following are the operating and cost data information for January.

The January $1$ Beginning Work$-$In$-$Process $-$ Cutting consisted of $15,000$ units $(60\%$ complete$)$

The cost for this inventory includes:

$$20,000$ of direct materials,

$$35,000$ of direct labor, and

$$65,000$ of factory overhead.

In addition to the beginning inventory, the company started $55,000$ units

They incurred the following cost into Work$-$In$-$Process Inventory:

Direct materials, $$180,000$

Direct labor, $$100,000$

Factory overhead, $$115,000$

During January, the company completed and transferred out $50,000$ units of its product to the WIP $$ Sewing Department.

At the end of the month, the work in process inventory consisted of $20,000$ units that were $60\%$ complete with respect to conversion cost.

SHOW YOUR WORK $--$ YOU NEED ALL OF THE WORDS ALONG WITH THE NUMBERS

$($USE THE EXCEL WORKSHEET PROVIDED ON BLACKBOARD TO ANSWER THIS QUESTION$)$ Weighted average method$)$

You must create formulas $$ I showed you how to do this in class.

A$)$ Prepare the company's process cost summary for January:

The report should include all of the following:

a$)$ Units to Account For and Units Accounted For

b$)$ Find Equivalent Units

c$)$ Cost to Account For

d$)$ Cost per Equivalent Unit

e$)$ Cost Accounted For

B$)$ Prepare the Journal entry for the transfer to the Sewing Department