E Homework: Chapter 5 Homework Question 10, E5-31A (si... Part 3 of 3 HW Score: 92.64%, 18.53 of 20 points Points: 1.8 of 3 Save Purelife Dairy produces an organic butter that is sold by the pound. The production of the butter begins in the Churning Department. Purelife Dairy's Data for the Churning Department for January follows: (Click the icon to view the data from January.) Purelife Dairy prepared the following production cost report for January for the Chuming Department: (Click the icon to view the January production cost report.) Read the requirements 550,000 Manufacturing Overhead Wages Payable 13,000 Requirement 2. What journal entry is needed at the end of the month to transfer the cost of the butter out of the Chuming Department and into the next department, the Forming Department? (Record debits first, then credits. Exclude explanations from any joumal entries.) Journal Entry Date Credit Accounts Work in Process Inventory-Forming Work in Process Inventory-Churning Debit 2,226,800 2.226.800 Requirement 3. Post the joumal entries to the "Work in Process Inventory - Chumning Department T-account. Work in Process Inventory-Churning Bal, January 1 222000 Transferred to Forming Manufacturing costs 2313000 Transferred to Forming 2226800 Bal, January 31 Help Me Solve This Video Get More Help Clear All Check Answer Homework: Chapter 5 Homework Question 10, E5-31A (si... Part 3 of 3 HW Score: 92.64%, 18.53 of 20 points Points: 1.8 of 3 Save pr January follows: Data Table Purelife Dairy produces an organic butter that is sold by the (Click the icon to view the data from January.) Purelife Dairy prepared the following production cost report fd (Click the icon to view the January production cost repor Read the requirements 95,000 units 1,600,000 units Manufacturing Overhead Wages Payable 230,000 units Requirement 2. What journal entry is needed at the end of explanations from any journal entries.) Units in beginning Work in Process (WIP) inventory Units started during the month (all direct materials, including cream and salt, are added at the beginning of the churning process) Units in ending Work in Process (WIP) inventory (50% of the way through the process Cost information is as follows: WIP - Churning Department balance as of January 1: Direct material cost included in beginning WIP balance Conversion cost included in beginning WIP balance Beginning balance, WIP, January 1 ment? (Record debits first, then credits. Exclude Journal Entry 216,200 5,800 Date Accounts Work in Process Inventory-Forming Work in Process Inventory-Churning $ 222,000 ELL $ Manufacturing costs incurred during January: Direct materials used Direct labor Manufacturing overhead Total manufacturing costs entered into production during January Requirement 3. Post the journal entries to the "Work in Proc 1.750,000 13,000 550,000 Work in Process Inventory-Churn 222000 Transferred to Fl $ 2,313,000 Bal, January 1 Manufacturing costs 2313000 Transferred to Fl Print Print Done Bal, January 31 Help Me Solve This Video Get More Help Clear All Check Answer E Homework: Chapter 5 Homework Reference Purelife Dairy produces an organic butter that is sold by the pound. The production of the butter begin (Click the icon to view the data from January Purelife Dairy prepared the following production cost report for January for the Chuming Department: (Click the icon to view the January production cost report.) Read the requirements Physical Requirement 1. What journal entry(s) would have been made during the month to record manufacturi entries Journal Entry Date Debit Credit Purelife Dairy Churning Department Month Ended January 31 Production Cost Report Flow of Equivalent Units Direct Conversion Flow of Production Units Materials Costs Units to account for: : Beginning work in process, January 1 95,000 : Plus: Started in production during January 1,600,000 1,695,000 Total physical units to account for Units accounted for: Completed and transferred out 1,465,000 1,465,000 1,465,000 Plus: Ending work in process, January 31 : , 230.000 230.000 115,000 1.695.000 Total physical units accounted for 1,695.000 Total equivalent units 1,580,000 Accounts Work in Process Inventory Churning Raw Materials Inventory Manufacturing Overhead Wages Payable 2,313.000 1,750,000 550.000 13,000 Requirement 2. What journal entry is needed at the end of the month to transfer the cost of the butter explanations from any joumal entries.) Date Credit Journal Entry Accounts Work in Process Inventory-Forming Work in Process Inventory -Churning Debit 2,226,800 Direct Conversion 2.226,800 Print Print Done Requirement 3. Post the joumal entries to the "Work in Process Inventory - Chuming Department T- Help Me Solve This Video Get More Help Clear All Check