Green Company uses weighted average process costing to determine the cost of units. They produce their finished product in two processing departments: Refining and Packaging. The following information is available for the month of July: Refining Department: The beginning work in process inventory was $37,996 ($25,760 direct material cost and $12,236 conversion costs) and consisted of 2,300 units. During July, an additional 18,600 units were started into production. During July, a total of 17,700 units were completed and transferred to the Packaging Department. The ending work in process inventory consisted of 3,200 units which were 30% complete as to conversion costs as of the end of July. The following costs were incurred during July: direct materials $212,500, direct labor $70,000; and factory overhead $164,076. Direct materials are added at the beginning of the process in the Refining Department and conversion costs are incurred evenly throughout the production process. Packaging Department: The beginning work in process inventory was $74,568 ($54,030 transferred-in costs and $20,538 conversion costs) and consisted of 1,800 units. During July, a total of 18,200 units were completed and transferred out to Finished Goods Inventory. The ending work in process inventory consisted of 1,300 units which were 20% complete as to conversion costs as of the end of July. The following costs were incurred during July: direct materials $136,500, direct labor $120,000, and factory overhead $158,514. Direct materials are added at the end of the process in the Packaging Department and conversion costs are incurred evenly throughout the production process. GREEN COMPANY REFINING DEPARTMENT PRODUCTION REPORT JULY I. SCHEDULE OF EQUIVALENT UNITS Beg WIP Units Started Total Units to Account For Units Transferred Out End WIP Total Units Accounted For Equivalent Units of Production DM II. COMPUTATION OF PER UNIT COSTS BEG WIP CURRENT COSTS TOTAL COSTS EQUIV. UNITS UNIT COST DM CC Totals III. ASSIGNMENT OF COSTS TO PRODUCTION Cost of Goods Manufactured: K Ending Work in Process: DM CC Total Ending Work in Process Total Cost Assigned Part 2: Account Titles DR CR Part 3 GREEN COMPANY PACKAGING DEPARTMENT PRODUCTION REPORT JULY I. SCHEDULE OF EQUIVALENT UNITS Beg WIP Units Transferred-in Total Units to Account For Units Completed End VVIP Total Units Accounted For Equivalent Units of Production T-IN DM II. COMPUTATION OF PER UNIT COSTS BEG CURRENT TOTAL WIP COSTS COSTS T-IN DM Totals EQUIV. UNITS UNIT COST III. ASSIGNMENT OF COSTS TO PRODUCTION Cost of Goods Manufactured: HHH Ending Work in Process: T-IN DM Total Ending Work in Process Total Cost Assigned Part 4: Account Titles DR CR Part 5: Work in Process --Refining Work in Proces-Packaging REQUIRED: 1. Prepare a production report for the Refining Department for the month of July in the attached workpapers. 2. Prepare the general journal entry to record the transfer of units from the Refining Department to the Packaging Department for July in the attached workpapers. 3. Prepare a production report for the Packaging Department for the month of July in the attached workpapers. 4. Prepare the general journal entry to record the transfer of units from the Packaging Department to Finished Goods Inventory for July in the attached workpapers. 5. Enter the appropriate cost data in the Work in Process T-accounts for the Refining Department and for the Packaging Department for the month of July in the attached workpapers