Cost of production summaries, one department, two months;journal entriesManufacturing data for January and February in the MixingDepartment of Klinger Kleaning Products follow:January FebruaryMaterials used. . . .................................... $20,000 $28,400Labor . . . . ............................................ $15,200 $23,000Factory overhead.................................... $11,400 $19,800Finished and transferred to Blending Dept.. . . ...... 3,600 3,200Work in process, end of month ..................... 400 600Stage of completion. ................................ 3/4 1/4All materials are added at the start of the process. Labor andfactory overhead are added evenly throughout the process.No units were in process at the beginning of January. Goods fin-ished in Mixing are transferred to Blending for further processing.Required:1. From an analysis of this information, prepare a cost of produc-tion summary for each month, using the weighted averagecost method. (Round unit costs to three decimal places.)2. Make the journal entries for each month to record the cost ofmaterials, labor, and factory overhead used in production andthe transfer of finished units from Mixing to Blending. (Hint: