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Bryan's Exteriors produces exterior siding for homes. The Preparation Department begins with wood, which is chopped into small bits. At the end of the process, an adhesive is added. Then the wood/adhesive mixture goes on to the Compression Department, where the wood is compressed into sheets. Conversion costs are added evenly throughout the preparation process. January data for the Preparation Department are as follows (Click the icon to view the data.) Read the teauirements Requirement 1. Prepare a production cost report for the Preparation Department for January. The company uses the weighted-average method (Hint Each direct material added at a different point in the production process requires its own equivalent units of production computation.) (Complete all answer boxes. Enter a "0" for any zero balances. Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar Abbreviation used: EUP equivalent units of production.) Bryan's Exteriors Production Cost Report-Preparation Department Month Ended January 31 Equivalent Units Physical Direct Materials Conversion UNITS Units Wood Adhesive Costs Units to account for Activate Windows Choose trom any list or enter any number in the input fields and then continue to the next question 1 Data Table Bryan's Exteriors produces exterior siding for homes. The Preparation Department begins with wood, which is chopped into small bits. At the Compression Department, where the wood is compressed into sheets. Conversion costs are added evenly throughout the preparation proce EEB (Click the icon to view the data.) Read the requirements the UNITS Beginning Work-in-Process Inventory Started in production Completed and transferred out to Compression in January Ending Work-in-Process inventory (30% of the way through the preparation process) COSTS Beginning Work-in-Process Inventory Costs added during January 0 sheets 3,700 sheets 3,000 sheets Total units to account for Units accounted for 700 sheets Total units accounted for Direct Materials Conversion Total COSTS Costs to account for Wood Adhesives Costs Costs Wood 3,330 2.400 1,573 Direct labor indowS Choose from any list or enter any number in the input fields and then continue to the next question. Print Done ings to activate Windows Data Table Bryan's Exteriors produces exterior siding for homes. The Preparation Department begins with wood, which is chopped into small bits. At the Compression Department, where the wood is compressed into sheets. Conversion costs are added evenly throughout the preparation proce EEB (Click the icon to view the data.) Read the requirements. the Started in production Completed and transferred out to Compression in January Ending work-in-Process inventory (30% of the way through the preparation process) COSTS Beginning Work-in-Process Inventory Costs added during January: 3,700 sheets 3,000 sheets Total costs to account for 700 sheets Cost per equivalent unit Costs accounted for Wood Adhesives Direct labor Manufacturing overhead allocated 3,330 2.400 1573 2,600 S 9,903 Total costs accounted for Requirement 2. Prepare the journal entry to record the cost of the sheets completed and transferred out to the Compression Department (R your spelling carefully and do not abbreviate.) Total costs Date Accounts Debit Credit indoWS ngs to activate Windows Choose from any list or enter any number in the input fields and then continue to the next question. Print Done Bryan's Exteriors produces exterior siding for homes. The Preparation Department begins with wood, which is chopped into small bits. At the end of the process, an adhesive is added. Then the wood/adhesive mixture goes on to the Compression Department, where the wood is compressed into sheets. Conversion costs are added evenly throughout the preparation process. January data for the Preparation Department are as follows EEE (Click the icon to view the data.) Read the requirements Requirements Date Accounts Debit Credit Jan. 31 1. Prepare a production cost report for the Preparation Department for January. The company uses the weighted-average method. (Hint. Each direct material added at a different point in the production process requires its own equivalent units of production computation.) Prepare the journal entry to record the cost of the sheets completed and transferred out to the Compression Department Post the journal entries to the Work-in-Process Inventory-Preparation T-account. What is the ending balance? 2. Requirement 3. Post the journal entries to the Work in process inventory Preparation T-account. What is the ending balance? 3. Post all transactions to the Work-in-Process InventoryPreparation T-account using the appropriate descriptions as posting re side of the T-account. te Work-in-Process Inventory Preparation Print Done Bal. Dec. 31 Activate Windows Choose from any list or enter any number in the input fields and then continue to the next